Andrew Maguire – Gold Market Set To Spike Violently Higher, Crushing Hedge Fund Shorts

Saturday, August 4, 2018
By Paul Martin
August 03, 2018

Today London whistleblower and metals trader Andrew Maguire told KWN that hedge funds are about to be crushed on their massive gold short positions as the price of gold spikes higher.

Gold Price Spike Is Coming
August 3 (King World News) – Andrew Maguire: “Eric, bear in mind that insiders had the NFP (Non-Farm Payrolls) data by Monday, and, accordingly, spent the week profitably positioning for today’s official release. But as the NFP dust settles, a strong bullish reaction in all the crosses related to gold is being observed…

Andrew Maguire continues: “The surgically timed (surprise) Chinese margin increase from 0% to 20% rinsed and dislodged a large percentage of leveraged spec yuan shorts. The raising of reserve requirement for FX forwards to 20% is gold bullish, and indeed evidenced an immediate bullish gold reaction in the correlated CNY/Gold cross.

The Rest…HERE

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