There Is No Question That We Are Now In The End Game

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There Is No Question That We Are Now In The End Game

In the aftermath of another takedown in gold and silver, today the man who predicted this downside action ahead of time told King World News “There is absolutely no question that we are now very much in the end game.”  William Kaye, who is one of the savviest and most well-connected hedge fund managers in the world, also told KWN exactly why the plunge is being orchestrated and what will emerge from all of this.  Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, had this to say in his fascinating interview.

  Kaye:  “I’m focused on the footprints of the powers that be — the Fed, and the BIS.  Their game is not over yet.  So, despite the bounce, we are seeing a continued follow through to the smash that started a couple of weeks ago, which is exactly what I told you would happen with gold and silver.

  Source: http://kingworldnews.com

 “The objective would appear to be to try to touch the lows of late June.  We will see if they can actually make that happen.  I will say that a lot of gold is being lost by the West in the process.  By that I mean physical gold is transiting very rapidly from the West to the East.  That process is now accelerating because Asian buyers are very keen to buy into what they perceive to be an incredibly low, and without a doubt in their minds, an artificial price.

 The implications are extremely serious for the West here.  The harder these guys push it, and the faster they try to push things lower, this is causing them to lose an immense amount of physical gold in the process.   We saw backwardation reappear for a brief period of time last week.

 Prior to that the market had seemed to normalize, and, temporarily, the strains in the system appeared to have been relieved.  All of that has changed once again.  We are back to backwardation and strains in the system being readily apparent.  This is a real sign of stress in the system, and it should be of some concern to the entities who are trying to orchestrate or continue this smash.

 There is absolutely no question that we are now very much in the end game.  Whether it’s the seventh, eighth, or ninth inning, who knows?  But we are in the end game.  We are at levels that everyone who has an interest in gold in Asia is stepping up to the plate and buying physical gold — The People’s Bank of China, the Reserve Bank of India, and even the BRIC countries. 

 Everyone who has an interest in gold of an important nature is stepping up at these levels.  They find sub-$1,300 gold to be extremely attractive.  We agree.  These countries know how this game is going to end and what they are doing is positioning themselves for this end game.”

 Eric King:  “Is it possible that the massive physical gold demand can halt their efforts to smash the price?”

 Kaye:  “There is always that chance, but that’s not the game plan.  These people may be evil, they may be diabolical, but they aren’t stupid.  All of this has been well-planned.  The Fed is getting what it wants — it’s getting cover for it’s massive counterfeiting scheme or what they call ‘QE.’ ….more here

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