Andrew Maguire – Ignore The Pullback, Gold To Surge Above $1,400 On The Next Leg Higher
KingWorldNews.com
May 27, 2016
Today whistleblower and London metals trader Andrew Maguire told King World News that KWN readers around the world should ignore the pullback in the gold market because the price of gold will surge above $1,400 on the next leg higher.
Andrew Maguire: “Whenever we see such a synthetic divergence develop between the wholesale physical markets and the paper-centric non-delivery markets, it allows the commercials (and central planners), who have exposure to the physical markets, to not only take the short side of these naked longs, but to do so with impunity…
Andrew Maguire continues: “Bear in mind that the bulk of these naked short commercial positions were only able to be added above rising aggregated physical interest levels, but exponentially larger in defense of the Rubicon line at $1,308, a breach of which would threaten what is known as a ‘commercial signal failure.’ We came close to triggering this commercial signal failure but without the close proximity of an underpinning physical market, a short term price gap had been opened which was easy for commercials to fill on the downside.
The Rest…HERE
