Maguire – 90 Ton Delivery Triggered Short Squeeze In Gold
KingWorldNews.com
June 21, 2014
Today London metals trader Andrew Maguire told King World News that the ECB’s move to negative interest rates had the unintended side effect of creating a massive order to deliver 90 tons of gold. This order is still in the delivery process and it helped to trigger the massive short squeeze in gold this week. Below is what London metals trader Andrew Maguire had to say in Part II of a series of interviews that has been released on KWN.
Maguire: “Eric, usually when you and I speak the precious metals are under pressure and we take a look to see what to expect. This week is a whole different story. And we saw the first ratchet of a coiled-spring being set off. This was catching huge synthetic naked short positions unaware. And before we get ahead of ourselves, we need to look at where we are in the bigger picture….
The Rest…HERE
