kingworldnews.com
On
the heels of the takedown in the gold market King World News received
many requests to hear from London metals trader Andrew Maguire because
he gives KWN readers and listeners around the globe a snapshot into the
critical physical market better than anyone in the world.
Eric King: “Andrew, what about the commercials, what are they up to here?”
Andrew Maguire: “Commercials,
and that’s the bullion banks, are now 100 percent on the long side into
this large rinse of hot money. I see this as the final rinse before a
large rally into the end of the year and into next year.”…
Eric King: “Andrew, can you give me an idea of the amount of gold tonnage being purchased during this takedown?”
Andrew Maguire:
“We’re trying to assess that right now but when you see that we’ve
just gone through this ludicrous situation where we are looking at 6,800
tonnes of paper gold being exchanged (in one day), what we are seeing
here from a wholesale market perspective is that we are significantly
below…
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