Andrew Maguire – This Will Rock The Gold Market And Shock The World
KingWorldNews.com
March 24, 2017
On the heels of the gold market assaulting the key $1,250 level, today whistleblower Andrew Maguire spoke with King World News about what is going to rock the gold market and shock the world.
India Underpinning Gold Price
Andrew Magiure: “From a wholesale market perspective, we are observing that Asian and Middle Eastern wholesale demand remains strong. Dips are being bought as we head into strong options related defense at $1,250 gold and $18.00 sliver. Options expire on Tuesday. However, Indian demand remains steady at current prices, which is important as we move into the auspicious gold buying festivals and marriage season. I think this wholesale demand stays very strong at a minimum into the $1,250’s before it is reassessed. This will serve to underpin the gold price…
Sovereign & Central Bank Buyers Know The Paper Game
Competing CB and sovereign buyers know how to game the paper centric events such as options expiry next week, where they also know that officials and insider commercial bullion banks are forced to defend billions of dollars worth of accrued naked short derivative bets. This is when sovereigns who are seeking large tonnage buy. The resulting physical outflows provide observable clues that there is stress in the paper markets — a growing bifurcation between the paper price and the physical price.
Signals Point To $150+ Surge In Gold Price
Embedded backwardations along with a rising cobasis are telegraphing a ‘fair value’ for gold some $150+ higher than the paper futures centric derived price.
The Rest…HERE
