With leverage in the paper metals markets reaching astronomical levels, whistleblower Andrew Maguire just exposed how the Bank of England conspired to rig the gold and silver markets.
Andrew Maguire: “Insiders used to be able to flywheel any excess physical demand through requests for central bank physical supply from the Bank of England to meet this unmet demand. Through these wash and rinse cycles, it was only when we witnessed the Bank of England having to step in to flywheel physical at the PM fixes to meet this demand that we knew the envelope had been pushed too far and cycle bottoms were being set. However, these ‘flywheels’ evolved into a massive aggregation of uncovered paper market lease obligations that over time have been laid off onto the balance sheets of the market making insider bullion banks who have bank accounts with the Bank of England. We have looked in detail at how these ‘obligations’ have been laid off without any physical leaving central bank vaults for at least 2 years. So, what has changed? Why are we seeing shallower dips and COT’s front running aggregated sovereign size bid levels…To continue listening to the remarkable KWN audio interview with Andrew Maguire that has now been released CLICK HERE OR ON THE IMAGE BELOW.
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