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Paper claims outnumber real ounces by 93 to 1, Kaye tells KWN
2:35p ET Tuesday, September 24, 2013
Dear Friend of GATA and Gold:
Hong Kong-based fund manager William Kaye today tells King World News that while paper claims to gold still outnumber real metal in a ratio of 93 to 1 and market manipulation isn't over, a sovereign buyer, likely China, is lurking at the $1,300 level and metal is running out. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/9/25_Ma...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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