Today whistleblower and London metals trader Andrew Maguire told King World News that KWN readers around the world should ignore the pullback in the gold market because the price of gold will surge above $1,400 on the next leg higher.
Andrew Maguire: “Whenever we see such a synthetic divergence develop between the wholesale physical markets and the paper-centric non-delivery markets, it allows the commercials (and central planners), who have exposure to the physical markets, to not only take the short side of these naked longs, but to do so with impunity…
Continue reading the Andrew Maguire interview below…
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Andrew Maguire continues: “Bear in mind that the bulk of these naked short commercial positions were only able to be added above rising aggregated physical interest levels, but exponentially larger in defense of the Rubicon line at $1,308, a breach of which would threaten what is known as a ‘commercial signal failure.’ We came close to triggering this commercial signal failure but without the close proximity of an underpinning physical market, a short term price gap had been opened which was easy for commercials to fill on the downside.
Ignore Pullback, Gold To Hit $1,400 On The Next Leg Higher
That is exactly what we have just witnessed — a price gap that closed on the downside, and as is par for the course, we now have the same hot money rinsed and wrong-footed, which is the polar inverse situation of what was occurring near $1,300. The hot money is now overshooting to the downside while the commercials are profitably covering all the naked shorts they added. Commercials are also going long to hedge physical exposure at these levels. This action is no more than healthy backfilling with a fresh, higher stair step being cemented for a sustainable move into and eventually through the $1,300’s.” ***Next week KWN will be releasing a blockbuster audio interview with whistleblower London metals trader Andrew Maguire. In the meantime, to sign-up for Andrew Maguire’s incredible gold and silver trading service, which is less than the cost of a Starbuck’s cup of coffee each day, CLICK HERE or email King World News for more information.
***KWN has now released Pierre Lassonde’s remarkable audio interview, where he discusses his $10,000+ gold price prediction and much more CLICK HERE OR ON THE IMAGE BELOW.
***Also just released: TERRIFYING: Paul Craig Roberts – We Are Witnessing The Final Enslavement Of Humanity CLICK HERE.
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