Today whistleblower and London metals trader Andrew Maguire spoke with King World News about the massive pressure for a gold price reset, Deutsche Bank’s confession, and China checkmating the West in the gold war.

Andrew Maguire:  “Eric, what people are witnessing are the first winds (early stages) of a perfect storm brewing for much higher gold and silver prices. This is because the physical market is beginning to dictate price and to constrain what the paper market actors can do…

Continue reading the Andrew Maguire interview below…


Advertisement

To hear which company investors & institutions around the globe are flocking to
​that has one of the best gold & silver purchase & storage platforms
in the world click on the logo:

GoldSwitzerland:MAM - King World News


Andrew Maguire continues:  “Let’s look at some of the catalysts driving this perfect storm.  This week we had the launch of the long awaited Shanghai Gold Exchange fix, something that has been purposefully underplayed by the mainstream media. Then, hot on the heels of the SGE launch, the PBOC (People’s Bank of China) and Russia’s central bank announced a joint gold trading platform. This is an act of war against Western central planners, who have played right into their golden hands.

But I think it is important to take a look at the history of how this new SGE fix has come about and why and how it was so hard fought by Western central planners, as this draws attention to the underestimated implications this will have on price discovery, which up until now has been the domain of the paper markets.

King World News - The West Is Now In Serious Trouble As China Advances Master Plan To Dominate The WorldChina Checkmates The West In The Gold War
More importantly, it illustrates that Western central planners have lost the war against China’s move to wrest away control and to consolidate the gold market, a market that was once firmly under Western control. Obviously, this has huge implications. Given that there are billions of dollars of underwater derivatives under threat and price is increasingly being set outside of the (bullion bank) market makers control, the pressures for a gold price reset are massive.

With China playing the long game, the (upside) battle is now won. But knowing the LBMA bullion banks would try to skirt the SGE fix, China forewarned these (Western bullion) banks that if they didn’t participate, they would be barred from participating in the Chinese gold markets. Furthermore, any manipulation attempts by the bullion banks would be dealt with the Chinese way, not the bought and paid for Western regulators’ way. So this is a true game-changer.

And you can add into the bullish mix Deutsche Bank admitting to colluding with several other bullion banks in order to rig bullion prices. Aside from the multi-billion dollar civil law suits that will ensue, some of which are already filed, the key element here is the agreement by Deutsche Bank to release transcripts that prove collusion. This is a huge deal.
King World News - Whistleblower Andrew Maguire And Deutsche Banks Confession As China Checkmates The West In The Gold WarWhistleblower Andrew Maguire And Deutsche Bank’s Confession

Perhaps Deutsche Bank will attempt to seek immunity from prosecution, but given the banks they will formally name that will be at the center of the evidence I provided to the regulators in 2009 – 2011, it looks like these regulators will finally be forced to act. Either way, once it is realized that the true gold price is as yet undiscovered and related to billions of dollars worth of entrenched naked short derivative bets, the sharks will smell blood and watch out above (as the price of gold will soar).

Right now the Western central planners are losing control of the precious metals market reigns, as evidenced by the distinct changes in market behavior. Historical correlations are evaporating and we are seeing a push into physical on a scale I have never witnessed before. All dips are going to be bought and discounts from here on will be shallow, and the only thing that can save Wester central planners is a…To continue listening to the powerful KWN audio interview with whistleblower Andrew Maguire CLICK HERE OR ON THE IMAGE BELOW.

***To sign-up for Andrew Maguire’s incredible gold and silver trading service CLICK HERE or email King World News for more information. There has been a stunning return per each Comex gold and silver contract that was traded this year.

KWN Maguire mp3 4:23:2016

© 2015 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the articles is permitted and encouraged.

King World News RSS Feed

Share on FacebookTweet about this on TwitterShare on Google+Share on LinkedInEmail this to someonePrint this page