Whistleblower Andrew Maguire stunned King World News when he stated that during this brutal takedown in the price of gold, no physical gold has actually come on to the market. Maguire, who recently appeared in the CBC production “The Secret World of Gold,” takes KWN readers around the world on a final trip down the rabbit hole in part three of a series of extraordinary written interviews which have been released today.
Maguire spoke about the manipulative takedown in the metals: “Let’s start by looking at what happened on Wednesday morning because this is really where the intervention came in: In the very thin access markets, in very thin liquidity, we saw a surgical strike.
And it was designed to trip-off and accelerate end of quarter position squaring. There is no doubt this (manipulation) was Fed-backed and (agent) bullion bank instigated….
“This is the important part, these producers have to balance their books at the end of the quarter, and these guys were hoping for prices above $1,300. This was a highly predatory move, but it enabled these bullion banks to go some way towards replenishing depleted bullion inventories. But it was directly at the expense of these producers who had been holding out for a price rise well above $1,300.”