Magurie:  “With the Fed, the Bank for International Settlements (BIS), and the two primary agent bullion banks having absolute sight into the multi-billion dollar derivatives book (for gold), chart patterns can be constructed in such a way as to ‘milk’ the book to its maximum potential....

Continue reading the Andrew Maguire interview below...  


UPDATE: To hear the man with over 40 years of experience in the resource

markets and how he is positioning his clients to weather

the current financial storm click on the logo:

“These banks are nothing short of criminal, and these are nothing short of criminal acts.  And no different than the many other acts that some of these banks have admitted to, or are (currently) negotiating settlements over.  Holding the trading book gives these banks absolute visibility into the key players’ margin positions.  And that includes key options positions.  This is particularly pertinent as we approach option expiration day on Monday.

What is different this time?  Absolutely nothing.  This is the bullion banks tricking the market ahead of expiration, and the largest rollover month of the year.  Just one example:  When the bullion banks hold the options book, and they target a suitable size short options put leg, which might just be a legitimate component of a producer’s hedging strategy, these criminal banks repeatedly force that producer, and it could be their own client, to sell short sufficient gold futures contracts in order to maintain a neutral delta on that position.   

That’s just one example of a contrived, forced, knee-jerk reaction that they can generate (in the gold market).  And we see this all the time.  This week we saw several instances where several thousand contracts were dumped by a single seller at a series of support levels on absolutely no news. 

And no one, other than a bullion bank, or the Bank for International Settlements, could provide such large directional single-sized bets into the market, and delivered in (such) a way and a size to overwhelm the complete bid-stack.  These bets exceed even current position limits for non-hedgers.  No legitimate seller would act in such a manner as to get the worst possible fill.”

IMPORTANT - KWN will be releasing interviews all day today.  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

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© 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.

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