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Gold/Mining/Energy : Gold & Gold Stock Analysis

GLD 476.00

+2.4%

Jan 27 4:00 PM EST

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From: basserdan	10/7/2008 9:51:28 AM
	1 Recommendation Read Replies (1) of 29622

CNBC airs prediction of default in paper gold Submitted by cpowell Section: Daily Dispatches 8:45a ET Tuesday, October 7, 2008 Dear Friend of GATA and Gold: CNBC today gave a few minutes to Swiss Asia Capital CEO Jurg Kiener to talk about gold, and he noted the disparity between the explosive physical market price and the sluggish paper market price, blamed the speculation of Wall Street banks for the latter, and predicted the failure of the paper market and the quick doubling of the gold price. You can watch the interview here: *Gold Prices May Spike* Within the gold complex, there is a disparity between the paper market and the physical market, notes Jurg Kiener, CEO of Swiss Asia Capital. He tells CNBC's Maura Fogarty & Rebecca Meehan that if the paper market collapses, gold prices may double very quickly cnbc.com CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc.

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