Hathaway - Plunging COMEX Metal Stocks & BoE Gold Sales
Hathaway: “To
me the biggest story right now is the disconnect between paper gold and
physical gold. I see a lot of good commentary covering this on King
World News. I just don’t know how this plays out, but it seems to me
that if the banks were involved in manipulating electricity, oil, and
LIBOR, why would gold be exempt from such manipulation?
That’s why I’m so interested in the fact that COMEX warehouse stocks have dropped to extremely low levels.
With
gold and silver getting consolidating, today John Hathaway spoke with
King World News about what is happening in the war on gold and silver.
Hathaway also spoke about the gold and silver shares and what is taking
place in the industry. Hathaway, of Tocqueville Asset Management L.P.,
is one of the most respected institutional minds in the world today
regarding gold, and his fund was awarded a coveted 5-star rating.
“We also see that the
Bank of England may have disposed of 1,300 tons during the break in the
gold price. So there are many, many clues as to a big short position
in gold, and obviously intervention by the banks and hedge funds running
with (central banks) on that trade.