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Kaye says gold's bear market is an illusion; Grandich notes sector's demoralization
11:50a ET Tuesday, May 14, 2013
Dear Friend of GATA and Gold:
In the second part of his latest interview with King World News, fund manager William Kaye contrasts the falling futures price for gold with the exploding demand for real metal around the world. "Show me another bear market where demand goes up as prices collapse," Kaye says. "You can't. It hasn't happened in history." The gold futures price plunge, Kaye says, is all a matter of surreptitious market intervention by the Federal Reserve to support the U.S. dollar. The interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/5/14_Gl...
Meanwhile, market analyst and mining company consultant Peter Grandich reports on the mining and metals conference held yesterday in New York and says he has never seen the sector more demoralized:
http://www.grandich.com/2013/05/update-12/
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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