Today a legend in the business told King World News that right now there is a tremendous shortage of physical gold. Keith Barron, who consults with major companies around the world and is responsible for one of the largest gold discoveries in the last quarter century, also spoke about what is really taking place behind the scenes during this gold raid. Below is what Barron had to say in this powerful interview.
Barron: “The gold price got hammered, down over $30 today. Quite often the powers that be decide they are going to take it down on Friday. The excuse this time is that Non-Farm Payrolls are up, so the job situation is looking better in the US.
We seem to be rotating from one bearish gold news story in the mainstream media to another, with comments from the Fed and people asking, is there going to be continued QE? There is all of this noise on almost a half hourly basis which is moving the gold market. But demand for physical gold is still incredibly strong and when gold plunges $32 in one day, a lot of people do view this as a buying opportunity. I certainly do.
When gold was taken down roughly $200 on a Friday and Monday, and we saw massive movements of gold out of GLD, the interpretation by CNBC and the usual suspects was that everyone was getting out of gold….