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After another week of continued pressure in the gold and silver markets, we have finally seen both gold and silver bullish sentiment fall to the historic lows seen on June 28th.  There are now a stunning 63% fewer gold bulls than what was seen at the peak level of 2011.  Moving to silver, there are now an astonishing 73% fewer silver bulls than the high set in 2011....


Continue reading the Andrew Maguire interview below...




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With bullish sentiment having collapsed in both gold and silver, King World News spoke to Maguire about what is happening in the real world of the physical markets for both metals.  His comments will surprise many readers. 


Maguire added:  “Eric, Shanghai silver premiums are telling the real story of just how distorted the bullion prices have become.  Today (Friday), Shanghai silver closed at a $1.13 premium to December futures, and $1.09 higher than March futures.  This is well over a $5,500 premium against an equivalent futures contract.  Silver hasn’t dropped below $21 in Shanghai, against the $19+ area on the Comex.


Maguire also addressed the enormous physical gold demand:  “Sub-$1,250 gold is allowing the (gold) bullion to be removed in sovereign and central bank size.  It is only the sheer amount of synthetic supply that has enabled price to remain under $1,300.  But you can be absolutely assured the bullion banks are on the long (buy) side of these long capitulations and short sales.”


IMPORTANT - KWN will be releasing interviews all day Sunday.  Also, Andrew Maguire’s remarkable audio interview is available now and you can listen to it by CLICKING HERE.


Andrew Maguire’s trading service has returned over a staggering $134,000 for each and every (single) contract traded in the gold and silver markets over the past 16 months.  For those who would like to get more information on Maguire’s incredible trading service and to sign up you can do so by CLICKING HERE.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with Michael Pento, Andrew Maguire, Gerald Celente, David Stockman, Art Cashin, Dr. Stephen Leeb, John Hathaway, Bill Fleckenstein, James Turk, William Kaye, Eric Sprott and Jim Grant are available now. Other recent KWN interviews include Marc Faber and Felix Zulauf -- to listen CLICK HERE.


Eric King

KingWorldNews.com

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