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Maguire tells KWN he expects a derivatives blowup in gold, silver by year-end

IMG Auteur
Chris Powell
GATA
Published : September 27th, 2014
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( 3 votes, 1/5 ) , 1 commentary
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Category : GoldWire

In the second part of his new interview with King World News, London metals trader Andrew Maguire reports that the big bullion banks are unwinding their monetary metals positions on the Comex and that he expects a derivatives failure in the monetary metals by the end of the year. An excerpt from his interview is posted at the KWN blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2014/9/27_Ma...
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Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
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DiggerUK   9/28/2014 at 1:16 PM GMT
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I cannot add much to my comments on part 1........but I will repeat again, Maguire is a fraud. The smallest amount of research will show that to be the case.
Claims that he is hoping to "demystify what is going on in the precious metal markets" should not keep any of you on the edge of your seat waiting for what will happen.
..._
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