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GLD's and Bank of England's custodial gold is likely gone, Kaye tells KWN
5:55p ET Tuesday, July 30, 2013
Dear Friend of GATA and Gold:
Hong Kong-based fund manager William Kaye, interviewed today by King World News, calls attention to the large short position in the gold exchange-traded fund GLD, which implies that metal that shareholders think they own isn't really available to them. Kaye also cites the evidence found by GoldMoney research director Alasdair Macleod that huge recent outflows of gold from the Bank of England have put in jeopardy gold held for other nations by the bank:
http://www.gata.org/node/12854
Kaye anticipates an enormous short squeeze in gold. An excerpt from his interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/7/30_Go...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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