Maguire – This Is What Has The Gold Shorts So Terrified

Saturday, December 13, 2014
By Paul Martin
December 12, 2014

Today London metals trader Andrew Maguire spoke with King World News about what has the gold shorts so terrified at this point. Maguire also discussed where the bullion banks have large bids in place in the gold market as well as what will trigger them to raise the price of those bids. Below is what Maguire had to say in Part II of a powerful series of interviews that have now been released.

Eric King: “Andrew, where are the major countries — the sovereign buyers — aggressively bidding in the gold market?”

Maguire: “As of today the sovereign buyers are aggressively bidding at the $1,208 level. And it will be incredibly difficult to take the gold market much lower because of the unprecedented tightness I highlighted with KWN in our interview earlier today….

The Rest…HERE

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