Stocks surged while oil and gold gave up early gains after the decision by the Fed to drop the “Considerable time” pledge on interest rates. King World News reached out to one of the top hedge fund managers in Asia to get his take on what has transpired and what to expect in 2015.
Eric King: “Bill, what should people expect to see as we head into the end of this year and what about 2015?”
William Kaye: “My thoughts are that we are headed for a close that would be targeted below the close in 2013. At the end of last year gold closed just above $1,200. It certainly appears there is a desire by Western central planners to see gold finish this year below that number.
They will then run headlines in the mainstream media that gold continues to be in a bear market. So the trading itself will be volatile but what I will be looking for is real difficulty in getting gold in size. In other words the kind of size in physical gold that you need to satisfy sovereign orders and the mega wealthy…
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