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Maguire:  “I see these lines crossing against both the official and bullion bank selling, and I see it crossing very soon.  That’s why I believe they (the bullion banks) are likely net long, having taken the other side of this hot (short hedge fund) money....


Continue reading the Andrew Maguire interview below...




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“These bullion banks still have a very large short managed money position (to exploit).  So I see an incentive to ring the register on this money, but it will happen as soon as their momentum (to the downside) begins to wane.


Because the managed money (short) position, which is now extended, is operating in this virtual world, what they continue to do is roll these short profits, but they roll it to fund an ever larger, margined short position.  That’s evidenced by the growing, extreme naked short open interest positioning that we see.


Considering that the bullion banks are taking the long side of this inflating supply, this is actually a really dangerous thing (for the shorts).  As we all know, leveraged uncrystallized profits, can quickly become leveraged crystallized losses.” 


IMPORTANT - Andrew Maguire’s trading service has returned a staggering $98,715 for each and every (single) contract traded in the gold and silver markets over the past 12 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.


This is part II of a written interview series which will be released today and it is only a small portion of what Maguire had to say in his extraordinary audio interview.  The KWN audio interview with Andrew Maguire is available now and you can listen to it 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 This material may not be published, broadcast, rewritten, or redistributed.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 Andrew Maguire, Art Cashin, William Kaye, James Turk, John Hathaway, John Embry, Dr. Paul Craig Roberts, Jean-Marie Eveillard and MEP Nigel Farage are available now.  Also, be sure to hear the other recent KWN interviews which include Eric Sprott, Marc Faber and Felix Zulauf by CLICKING HERE.


Eric King

KingWorldNews.com

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