Friday, November 22, 2013

War In Gold Intensifies As Massive Battle Rages In London

"Today the man who predicted the recent takedown in the gold market ahead of time told King World News that the war in gold has now greatly intensified as a massive battle is now raging in London.  William Kaye, who 25 years ago worked for Goldman Sachs in mergers and acquisitions, not only spoke about the war in gold, but he also shared with KWN additional news about the West’s increasingly desperate actions in gold, as well as catalysts that will change the course of the battle.  Below is what Kaye had to say in this fascinating and powerful interview.

Kaye:  “The major news that nobody cares about is China has now announced something we’ve been anticipating for quite some time, which is they are now going to be invoicing their oil imports in renminbi.  This is another major step in China sidestepping the US dollar as the world’s reserve currency...

“This means that China will have bilateral trading arrangements with Russia and the other major countries, such as Iran, that provide energy to China.  So, again, this is another brick out of the wall for the US dollar and by the same token US hegemony. 

But nobody seems to care, and if you noticed, instead of gold spiking $50 or $100 higher on that news, it was smashed lower.  In a way this should come as no surprise because this is exactly what has happened on gold bullish news practically all year..."

No comments:

Post a Comment