The likely course of a ‘short squeeze’ in Gold

Interviewed by King World News, Hong Kong fund manager William Kaye describes what might happen with a short squeeze in the gold market if supplies of metal got tight enough. It makes sense provided that the U.S. Federal Reserve or Treasury Department would not avert the squeeze by lending or swapping into the market whatever is left of the foreign custodial gold vaulted at the Federal Reserve Bank of New York.
There’s a reason the New York Fed does not charge rent to foreign governments that vault their gold there – it’s so that the U.S. government might control the disposition of their gold and apply it wherever U.S. interests might best be served.
Kaye’s interview is posted at the KWN blog.




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