kingworldnews.com
Today
whistleblower and London metals trader Andrew Maguire told King World
News that China and Russia are set to dominate as Western control of the
gold market collapses.
Andrew Maguire:
“It’s been almost two months since we last spoke, and what we drew
attention to was empirical evidence that the Western Central planners
have finally lost control of the gold market. Two months later we are
evidencing footprints that validate this…
Andrew Maguire continues:
“One only has to focus on the unprecedented liquidity drain out of
paper-centric London with this liquidity flowing into physical markets
in Asia and the Middle East. Liquidity is the life blood of the gold
market and the LBMA is bleeding this liquidity from an open wound.
Liquidity begets liquidity and it is flowing out of the paper markets
into the physical exchanges. Investors and institutions have woken up to
the fact that paper gold is a shell game and are streaming into
allocated physical gold.
China & Russia To Dominate As West Loses Control Of Gold Market
So here in April 2016, with the physical markets now stealthily secured,
increasingly liquid physical markets vs. paper markets and the new SGE
(Shanghai Gold Exchange) fix in place, shortly to be complimented by a
joint Russian/PBOC (People’s Bank of China) gold platform, the pieces of
the jigsaw are coming together.
As
noted late last year, China has been consolidating its position here in
London, now being reclassified as a 13th LBMA market maker. This
concession would not have happened if liquidity had not evaporated from
Loco London and migrated to the physical Asian exchanges.
So
Eric, fast forward nearly 2 months from when we spoke last and the
paper market liquidity drain is now exponentially accelerating…
kingworldnews.com
Today
whistleblower and London metals trader Andrew Maguire spoke with King
World News about the massive pressure for a gold price reset, Deutsche
Bank’s confession, and China checkmating the West in the gold war.
Andrew Maguire:
“Eric, what people are witnessing are the first winds (early stages) of
a perfect storm brewing for much higher gold and silver prices. This is
because the physical market is beginning to dictate price and to
constrain what the paper market actors can do…
Andrew Maguire continues:
“Let’s look at some of the catalysts driving this perfect storm. This
week we had the launch of the long awaited Shanghai Gold Exchange fix,
something that has been purposefully underplayed by the mainstream
media. Then, hot on the heels of the SGE launch, the
PBOC (People’s Bank of China) and Russia’s central bank announced a
joint gold trading platform. This is an act of war against Western
central planners, who have played right into their golden hands.
But
I think it is important to take a look at the history of how this new
SGE fix has come about and why and how it was so hard fought by Western
central planners, as this draws attention to the underestimated
implications this will have on price discovery, which up until now has
been the domain of the paper markets.
China Checkmates The West In The Gold War
More importantly, it illustrates that Western central planners have lost
the war against China’s move to wrest away control and to consolidate
the gold market, a market that was once firmly under Western control.
Obviously, this has huge implications. Given
that there are billions of dollars of underwater derivatives under
threat and price is increasingly being set outside of the (bullion bank)
market makers control, the pressures for a gold price reset are massive.
With
China playing the long game, the (upside) battle is now won. But
knowing the LBMA bullion banks would try to skirt the SGE fix, China
forewarned these (Western bullion) banks that if they didn’t
participate, they would be barred from participating in the Chinese
gold markets. Furthermore, any manipulation attempts by the bullion banks would be dealt with the Chinese way, not the bought and paid for Western regulators’ way. So this is a true game-changer.
And
you can add into the bullish mix Deutsche Bank admitting to colluding
with several other bullion banks in order to rig bullion prices. Aside
from the multi-billion dollar civil law suits that will ensue, some of
which are already filed, the key element here is the agreement by
Deutsche Bank to release transcripts that prove collusion. This is a
huge deal.
Whistleblower Andrew Maguire And Deutsche Bank’s Confession
Perhaps Deutsche Bank will
attempt to seek immunity from prosecution, but given the banks they will
formally name that will be at the center of the evidence I provided to
the regulators in 2009 – 2011, it looks like these regulators will
finally be forced to act. Either way, once it is realized that
the true gold price is as yet undiscovered and related to billions of
dollars worth of entrenched naked short derivative bets, the sharks will
smell blood and watch out above (as the price of gold will soar).
Right
now the Western central planners are losing control of the precious
metals market reigns, as evidenced by the distinct changes in market
behavior. Historical correlations are evaporating and we are seeing a
push into physical on a scale I have never witnessed before. All dips
are going to be bought and discounts from here on will be shallow, and
the only thing that can save Wester central planners is a…
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