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West distorts bullish Chinese gold news, Kaye tells KWN
6:03a AEST Saturday, November 2, 2013
Dear Friend of GATA and Gold:
Gold news out of China remains bullish but is badly distorted in the West, Hong Kong-based fund manager William Kaye tells King World News, and the reduction in gold price premiums in China is likely the result of action by the Chinese government to reduce exploitation of Chinese demand by bullion arbitrageurs. Kaye also warns against keeping funds in money-center banks. An excerpt from his interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/11/1_Pe...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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