On
the heels of continued volatility in the gold and silver markets, today
the man who three weeks ago correctly predicted gold would surge above
$1,300, is now warning King World News that the LBMA is now moving
closer to a major “default.” London metals trader Andrew Maguire also
spoke with KWN about what the big banks so incredibly worried at this
point. Below is what Maguire had to say in this tremendous and timely
interview.Maguire: “People will ask me, ‘With such strong physical demand, how can the price (of gold) be going down?’ The answer is simple. Physical gold is completely unleveraged. Synthetic Comex supply is not gold at all, it’s just fake supply, and it temporarily overwhelms the underlying (true physical) demand.
Continue Reading at KingWorldNews.com…
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