- Maguire – Perfect Storm In Gold As LBMA & COMEX Collapsing!
Today whistleblower Andrew Maguire told King World News the perfect storm is brewing in the gold market as the LBMA and COMEX are collapsing. Maguire, who recently appeared in the extraordinary CBC production titled, “The Secret World of Gold,” also spoke with KWN about the disappearance of gold from both of those exchanges. Below is what Maguire had to say in part II of his remarkable written interview series which will be released today.
Maguire: “One thing is certain today, the bullion banks are on the long side of all of this selling. We are seeing cracks appearing in the fractional reserve LBMA and COMEX price setting mechanisms. It’s really thanks to the most recent paper market discount that we are evidencing this accelerated migration of bullion from the West to the East. The more obvious this becomes, the more it exposes these bullion banks as holding real naked shorts that are absolutely undeliverable fractional reserve bullion positions….
So you have a perfect storm here. This (Western gold) bullion is not coming back. It’s being re-melted, cast into kilobars, and it’s ending up directly in Eastern hemisphere central bank and sovereign vaults. And all of this time the bullion banks are calling for lower prices, and the mainstream media is touting a bear market. The bullion banks are fully aware of this threat, and they are exiting these mismatched short positions.”