kingworldnews.com
After
telling King World News on January 11, that pullbacks in gold and
silver would be very shallow and short-lived, which is exactly what
transpired, today London whistleblower and metals trader Andrew Maguire
told KWN that gold and silver are now in a massive coiling phase similar
to 2011.
Very Large Physical Gold & Silver Buying Taking Place
January 25 (King World News) – Andrew Maguire: “In our last King World News interview on the January 11, we discussed why the well disseminated calls for a technical pullback were
no more than scaremongering as it was underlying physical support
levels that would determine pullbacks, and that they would be
short-lived and very shallow. In fact, since the test of $1,300
was defended at the start of January there has only been one test of
very strong spot gold support at $1,280 with all selling attempts front
run by physical buyers…
To
provide context, there have been a lot of very timely, (planted), MSM
(mainstream media) calls for a long consolidation period in precious
metals, (meaning, don’t buy them at critical breakout points into $1,300 gold and $16 silver).
In answer to these calls — well disseminated by the bought and paid for
MSM and by design innocently picked up by gold’s friends — we need to
put these orchestrated technical calls into perspective.
Large Sovereign Buying
But first, it is very important to note that during the past two weeks I
have been in very close discussions with a sovereign entity who is
moving to utilize several buying sources to spread out large physical
gold and silver orders without raising red flags. This is only part of
the massive physical accumulation that is taking place…
We
are closely monitoring technical vs physical footprints, and analysts
calling for a significant consolidation, (read a wide range of dips
between $40-$200), are not in any way connected to the very tight
wholesale physical market, which is forcing COT insiders to hedge
physical exposure.
Gold & Silver In Massive Coiling Phase Similar To 2011
We are undergoing a coiling phase which is remarkably similar to 2011,
where fundamentals will once again dictate to lagging technicals. The
current bullish gold and silver setup evidences the physical market is
far tighter than at any time since 1971 for gold, and in silver…
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