With gold getting a weekly close above the important $1,320 level, today London metals trader Andrew Maguire told King World News that despite rumors to the contrary, China’s gold buying is “enormous” right now. Below is what Maguire had to say in Part I of a timely and powerful series of interviews that will be released today.
Eric King: “What kind of tonnage have we been seeing taken out of the gold market by China and others?”
Maguire: “Eric, it’s enormous. People were saying, ‘Once we get to $1,300 they (China) are going to back off.’ They have not backed off. In fact, it (their physical gold buying) has accelerated….
READ MORE
No comments:
Post a Comment