Andrew Maguire – Major Event To Create Massive Gold Price Surge In 26 Days!

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…