The Phaserl


Maguire: Desperate BIS & Fed Wage War On Gold As China Buys

from KingWorldNews:

Maguire: This is a highly volatile and leveraged paper market tail wagging the larger spot/physical market dog, and the price action has absolutely nothing to do with the very strong fundamentals.

We started the week some $30 above the $1,250 options sweet spot, and it was no coincidence that on the following day, (with most participants on the side-lines ahead of FOMC), that at the exact moment of option expiry we hit that precise level. Of course this price manipulation pays no attention to the strong wholesale market and because of this divergent action, it allows large volumes of physical gold to exit the Western system without driving up the price.

Read More @

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>