On the heels of a cascade of selling in gold and silver, today whistleblower Andrew Maguire spoke with King World News about the extraordinary intervention which took place in both of these markets. Maguire also told KWN about the staggering amount of physical gold tonnage that Eastern central banks were attempting to buy today alone, in a market that, remarkably, is not seeing any supply. Below is what Maguire had to say in part II of his remarkable and exclusive interview.
Maguire: “It’s pure short selling in the paper market, and the focus of all of this all is to reach and target as many long-stops as possible which they have done this afternoon. Then they can obviously cover these paper short sales.
Historically, in order to succeed when the official sellers have come in, they have relied on being able to back up the paper market interventions with real physical supply, albeit, hypothecated or re-hypothecated, borrowed or leased bullion….