Andrew Maguire – A Staggering 340 Tonnes Of Gold Was Just Flushed Out Of The Market!
KingWorldNews.com
June 03, 2016
On the heels of a $30 surge in the price of gold, today whistleblower and London metals trader Andrew Maguire told King World News that a staggering 340 tonnes was just flushed out of the market!
But first, it is important to read this from last week’s Andrew Maguire May 27, 2016 KWN interview headlined “Ignore The Pullback, Gold To Surge Above $1,400 On The Next Leg Higher”:
“The hot money is now overshooting to the downside while the commercials are profitably covering all the naked shorts they added. Commercials are also going long to hedge
physical exposure at these levels. This action is no more than healthy backfilling with a fresh, higher stair step being cemented for a sustainable move into and eventually through the $1,300’s.”
That bullish call by Maguire was made with the price of gold essentially at the dead lows.
And Today…
Andrew Maguire: “Had the Fed not intervened and driven the price of gold lower (when gold was near $1,300), today’s move would have potentially tripped off much larger commercial short-stops above $1.308 and threatened a commercial signal failure…
The Rest…HERE
