kingworldnews.com
On
the heels of the gold market assaulting the key psychological level of
$1,300 this week, today London whistleblower and metals trader Andrew
Maguire told King World News that a major event is going to create a
massive gold price surge in 26 days.
“Watch Out 26 Days From Today!”
Andrew Maguire: “In
February, I warned of a heightened risk of a gold price reset, which as
you will recall was based upon the all-important physical markets
sucking out liquidity from the increasingly illiquid paper markets. Back
then I estimated we were looking at a timeline of as little as 3 to 6
months. Eric, I am absolutely sure we are on track for a significant
(gold) price surge leading to an inevitable price reset before the 6
month August timeline runs out. All I am allowed to say right now is watch out 26 days from today!…
Paper Gold Market Scam Coming To An End
Don’t be fooled by the officially driven counterintuitive gold and
silver action this week. It was all about the defense of the round
number at $1,300, a breach of which will set off a tsunami of sideline
buying, and not from flushable synthetic naked long hot money. The
officials who rig this market are far more constrained than they have
ever been as real fundamentals close the jaws of a vice on their paper
market scam.
Dips Will Be Shallow
Dips from here on will continue to be shallow. Why? Because those
seeking to accumulate physical are gaming the paper market to a point
that it simply cannot be leveraged anymore. When officials generate
sufficient undeliverable paper gold supply in the futures markets to
swamp paper market non-delivery buying, as we saw this week into the
$1,300 level, it appears to work (at capping the price of gold) and that
little has changed with respect to the decades old wash and rinse cycle
gaming. However, as we have noted many times, Eric, competing
sovereigns, central banks, and institutional physical buyers have
learned to capitalize upon these divergent buy windows to accumulate
large size (physical purchases of gold) into a desperate Fed trying to
balance its gold capping defense.
Large Sovereign Physical Gold Buy Orders To Move Above $1,300
The very obvious single day addition of 26,323 lots of fresh gold open
interest on Tuesday (82 tonnes of undeliverable paper gold), as gold
moved to breach the $1,300 level, indicates these footprints related to
official capping. It consisted of a large tranche of conjured up
undeliverable paper supply to cap gold from triggering very large
commercial short stops above the round ($1,300) number. Such a move,
when it does happen after a little consolidation, will drive sovereign
bids to stair step above $1,300, which will lock out very large
commercial short cover. Hence…
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