kingworldnews.com / May 9, 2014
Today London metals trader Andrew Maguire spoke with King World News about the stunning Asian gold demand and a huge surprise in the silver market. Below is what London metals trader Andrew Maguire had to say in Part I of a powerful series of interviews that will be released on KWN.
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Today London metals trader Andrew Maguire spoke with King World News about the stunning Asian gold demand and a huge surprise in the silver market. Below is what London metals trader Andrew Maguire had to say in Part I of a powerful series of interviews that will be released on KWN.
Eric King: “Andrew, what kind of tonnage
have we seen taken out of the gold market, even though we’ve been in a
sideways consolidation in gold? Are the Asians and the Chinese still in
there buying aggressively?”
Maguire: “Absolutely,
they are. All the media reports you see regarding Chinese demand
tailing off are totally false. Using the published data you can clearly
see that over 326 tons was drawn down in the first quarter. That’s
flat compared to 2013, but that’s a huge amount of gold tonnage being
drawn down….
Continue reading the Andrew Maguire interview below…
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