Maguire - There Is Absolutely No Physical Gold For Sale

  • Thread starter Thread starter House
  • Start date Start date
H

House

Guest
On the heels of a cascade of selling in gold and silver, today whistleblower Andrew Maguire spoke with King World News about the extraordinary intervention which took place in both of these markets. Maguire also told KWN about the staggering amount of physical gold tonnage that Eastern central banks were attempting to buy today alone, in a market that, remarkably, is not seeing any supply. Below is what Maguire had to say in part II of his remarkable and exclusive interview.

Maguire: "It's pure short selling in the paper market, and the focus of all of this all is to reach and target as many long-stops as possible which they have done this afternoon. Then they can obviously cover these paper short sales.

Historically, in order to succeed when the official sellers have come in, they have relied on being able to back up the paper market interventions with real physical supply, albeit, hypothecated or re-hypothecated, borrowed or leased bullion....

"It's easy to look at the technicals today and see this cascade down, that's the long stops being tripped. But what we are seeing now is none of the physical supply is appearing. None of it is going to back up these sales. So this is a clear sign of weakness.

Now the bullion banks are really trading the Fed's 'virtual market book,' but they are constrained. They are really constrained as to how far they can push these paper prices because the ... Eastern hemisphere central banks, who are competing with each other to buy (physical) bullion, these are the guys that are picking up this discount. This (smash in gold) results in an exponential ramp-up in their physical buying.

All they (central planners) are doing is delaying an extremely disorderly rebound (in the price of gold). Give it a few days because at least 90 tons of central bank buying today was seen below $1,550, into the afternoon fix (in London). As we cascade down here you can guarantee that what they (Eastern buyers) are doing is 'spot indexing,' which is basically locking in the price in the paper market and will allocate that at an upcoming fix (in London).

So I give it (at the most) two to three days before this has a massive rebound effect, and the short fuel above the market now is at absolutely unprecedented levels."

Maguire also added: "The fact that official sellers are even more reliant on massive coordination on mainstream media and verbal interventions to back up these virtual sales, it's not going unnoticed by Middle-Eastern and Eastern centric central banks and sovereigns."
Click to expand...
KWN

Eric King: "So when you look at the tonnage being taken out by the central banks in the last couple of weeks, including today, what kind of tonnage are we talking about on the physical side?"

Maguire: "Deliveries in Shanghai alone in March were 283 tons. In the eight trading days of April, we have seen another 117 tons (of gold) delivered. Today was another 20 tons delivered. So what we are looking at here is over 400 tons (of gold) in less than a month and a half.

Eric, consider that the basis of all of the mainstream media shills coming out and saying, 'We're in a bearish market because GLD, the ETF, has dumped around 200 tons since the beginning of the year. But what we are talking about here is China having purchased and taken delivery of over 400 tons in less than a month and a half. And since the beginning of the year (that figure) is substantially higher. It's probably in the 800 ton range (for the Shanghai Exchange).
Click to expand...
KWN
 
I know it's late... but even so, most of that text went right over my head.

can anyone translate?
 
The way I've read it is... 'they' (Maguire doesn't say whom) are short selling paper gold (at a loss) to lower the price to trigger sell orders on private contract paper gold holdings (this follows on from the theory that 'they' have computer info on the buy/sell orders of the whole market).

Then when all the private 'long' contracts have been tricked into selling their paper gold, they jack up the price (rebound) and cover their losses.

Meanwhile, the physical players are using the oppourtunity to suck as much physical gold as they can at the distorted prices.
 
Or Physical is now cheap as chips and the Asains want large portions please

Should see a price back up very soon


I guessed at 1377 some time back but anyone can guess can't they.

My question is will there be any physical available at whatever low it gets to?
 
"locking in the price in the paper market and will allocate that at an upcoming fix (in London)."

This makes me suss on Maguire because you don't allocate on the fix, the London fix is only about buying and selling.
 
bron suchecki said:
"locking in the price in the paper market and will allocate that at an upcoming fix (in London)."

This makes me suss on Maguire because you don't allocate on the fix, the London fix is only about buying and selling.
Click to expand...

Hmmm... the 800lb gorilla in the room insisting on delivery of their phyzz which they've legitimately bought won't get their order filled, is that what you're saying Bron? Perhaps what we all need are more 800lb gorillas buying phyzz then...
 
I wouldn't be too worried...

179_124.jpg
 
Clawhammer said:
The way I've read it is... 'they' (Maguire doesn't say whom) are short selling paper gold (at a loss) to lower the price to trigger sell orders on private contract paper gold holdings (this follows on from the theory that 'they' have computer info on the buy/sell orders of the whole market).

Then when all the private 'long' contracts have been tricked into selling their paper gold, they jack up the price (rebound) and cover their losses.

Meanwhile, the physical players are using the oppourtunity to suck as much physical gold as they can at the distorted prices.
Click to expand...


I thought experienced guys like you SS'er would see through the 99% BS on KWN and especially this ghost like creature Mr McQuire :/ the red flag immediately goes up when I hear Mr BS McQuire allegedly say something ;)
 
No, what I'm saying is allocation requests can be made at any time and they are not done "on the fix".

For example, if someone said to you I'm going to allocate some of my Westpac shares on the ASX, you'd look at them like some idiot. That's what Maguire sounds like. If he was a bullion market pro he wouldn't talk like that.
 
bron suchecki said:
No, what I'm saying is allocation requests can be made at any time and they are not done "on the fix".

For example, if someone said to you I'm going to allocate some of my Westpac shares on the ASX, you'd look at them like some idiot. That's what Maguire sounds like. If he was a bullion market pro he wouldn't talk like that.
Click to expand...

I think if all of those involved in making PM contracts whether for immediate delivery or fixed on a paper contract for forward delivery on a strike date acted ethically we'd be living in the 1950's wouldn't we?

JP Morgan, Goldman Sachs, DB, Citi, ABN Amro... Anyone?

I don't think the guy's a 'pro' - he's just another disgruntled talking head...
 
You must log in or register to reply here.
Back
Top