Today acclaimed money manager Stephen Leeb spoke with King World News about gold and why silver is going to soar beyond a level investors can even imagine. But first, here is what Leeb had to say about some of the recent suspect trading in the gold market: “Somebody wants to see gold down. There’s no doubt about that. Gold, all of the sudden, had fallen $14. If you look at a chart, it’s a straight line. Now anyone that is selling into an illiquid market, which you obviously have during overnight trading, is nuts.”
Stephen Leeb continues:
“That just stupid selling. So there are certain reasons that people want to see gold down. The US obviously wouldn’t like to see gold soar while they are in the midst of a fiscal crisis. The other (player), strangely enough, Eric, would be the Chinese because the Chinese are starting a gold ETF.
They are going to have to buy gold for that ETF…
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