Kaye: “There is a huge defense of the $1,300 level in gold. That has become the big number which is being defended by the Cartel. Gold occasionally pierces $1,300 to the upside, but very briefly. Right in the low $1,300s zone there is a huge defense barrier which has been constructed, where naked shorts are piled on naked short orders...
“It’s an immense wall which has been constructed in that zone. I think for gold to make a serious advance from current levels we’ve got to see some evidence that those shorts can be addressed. There is no question in my mind that the Cartel is behind this situation. The Cartel is led by the Bank for International Settlements (BIS), the Fed, and so forth.
http://kingworldnews.com/kingw…_War_In_Gold_%26_Oil.html
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