Whistleblower Andrew Maguire Says Synthetic Gold Short Bubble Now Bursting As Deutsche Bank & Others Buy Large Amounts Of Physical Gold

Friday, November 9, 2018
By Paul Martin

November 09, 2018

Today London whistleblower and metals trader Andrew Maguire told KWN that today’s action is just noise as the synthetic non-delivery gold bubble is now bursting. That is why Deutsche Bank and other European banks are now buying large amounts of physical gold.

Deutsche Bank & Other European Banks Buying Physical Gold
November 9 (King World News) – Andrew Maguire: “We have firsthand evidence that very large European physical bank buying is underway. I personally have dealings with a senior risk manager at Deutsche Bank that confirms Deutsche Bank is accumulating physical gold. One may argue this is to repay rehypothecated gold positions, or as they state, simply to buy fire insurance on embedded risk positions. But either way, they, along with other European banks, are ditching all forms of paper market exposure and either getting out of the gold trading business or racing into physical gold at this time…

The Rest…HERE

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