Gold, London P.M. Fixed (Gold) and Cycle Z Scores (GOLDC1 & GOLDC2)
Silver, London P.M. Fixed (Silver) and Cycle Z Scores (SILVERC1 & SILVERC2)
Imminent default in London required gold market smash, Maguire tells King World News Submitted by cpowell on Mon, 2013-04-15 22:25.
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells King World News tonight that the smashing of the gold price was undertaken to forestall a default in the London physical market after a run on metal and a refusal to deliver. An excerpt from the interview is posted at the King World News blog here:
London metals trader Andrew Maguire tells King World News today that central banks and commercial traders seem to be buying all the gold paper being sold under margin pressure and that there is "massive physical offtake."
Maguire says: "Western governments have sanctioned leveraged paper selling by their agents, the bullion banks, to drive the price down. What people are seeing right now has nothing to do with the physical market. In fact the physical market is on fire right now."
An excerpt from the interview is posted at the King World News blog here:
Bull markets come and go - so do bear markets - These cruel cycles and 666 patterns will end, because they are inhuman and Island People made an ex....
Iceland Slams Banksters With Harsh 3 Months In Jail -
Iceland Saves Economy, Jails Bankers | Tired of Wars & Being Lied To
Thom Hartmann from Iceland - Where Banksters robbed the people blind
With gold we are witnessing climatic bear market crash action. We are witnessing the 666 manipulation of the gold bug and the beginning of a bottom. The only thing left once all of the potential sellers are gone will be the few strong hands left - those will be the People who just own a little bit so they don't get crushed so much they have to sell and those simply tough enough to hold on. They are the brave. Market action like this is when it makes sense to make plans to buy.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.