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Maguire:  “We had a large sovereign order in the market at $1,380 (area).  That was definitely filled today (Friday).  What we have today is an even more stretched managed money position holding the bag.


This physical tonnage that is disappearing will have an effect on the paper market, and I think it’s going to have an effect fairly soon....


Continue reading the Andrew Maguire interview below...




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“The short stops have moved significantly lower and are highly vulnerable.


The minute this (downside) momentum wanes, I think there will be a race (for the shorts) to cover.  I would say, given that the physical market is exponentially larger (in terms of demand) on each decline, I still firmly believe the bottom is in at the $1,320 area.  But if we start approaching that area again, I think anything sub $1,350 is going to create massive central bank demand.”


Eric King:  “On the physical side, what is availability if you want to go in and buy a very large order of gold?  Is there a delay?


Maguire:  “There absolutely is.  Let’s differentiate between the retail bars, which we know there is a delay on, there is also a delay on wholesale bars.  And the larger the size, the longer the wait or the higher the premium.  We’re seeing that now.” 


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 III of a written interview series which has now been released 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 This material may not be published, broadcast, rewritten, or redistributed.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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