Andrew Maguire – Paper Gold Market Trades Jaw-Dropping 6,800 Tonnes In One Day! Audio Interview

Andrew Maguire – Paper Gold Market Trades Jaw-Dropping 6,800 Tonnes In One Day! Audio Interview

In the aftermath of a brutal takedown in the gold and silver markets, today whistleblower and London metals trader Andrew Maguire told King World News that the paper gold market traded a jaw-dropping 6,800 tonnes of gold in just one day.

Andrew Maguire:  “Just to illustrate how ludicrous the paper markets have become, during the U.S. election day daily session the total swap of Comex Open Interest constituted a staggering 2,268 tonnes (of paper gold)! This volume does not include the unallocated paper-centric over-the-counter markets, where volume exceeded the Comex by a factor of (more than) 2 times…

 “Commercials, and that’s the bullion banks, are now 100 percent on the long side into this large rinse of hot money.  I see this as the final rinse before a large rally into the end of the year and into next year.”…

AUDIO INTERVIEW HERE>>>

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King World News

Interviews with market experts from around the world with a focus on precious metals.