RE: Re. Gold price Whistleblower - Gold & Silver Smash Orchestrated By The BIS
February 22, 2013
Today whistleblower Andrew Maguire told King World News that that the Bank for International Settlements (BIS) orchestrated this latest takedown in gold and silver. Maguire also stated there is now a major dislocation in the gold and silver markets that is about to blow up. This is the second in a series of interviews with Maguire lifting the curtain on what is going on behind the scenes in the ongoing gold and silver war which continues to rage. Below is Part II of Maguire’s extraordinary interview.
Today whistleblower Andrew Maguire told King World News that that the Bank for International Settlements (BIS) orchestrated this latest takedown in gold and silver. Maguire also stated there is now a major dislocation in the gold and silver markets that is about to blow up. This is the second in a series of interviews with Maguire lifting the curtain on what is going on behind the scenes in the ongoing gold and silver war which continues to rage. Below is Part II of Maguire’s extraordinary interview.
Whistleblower Andrew Maguire: “The gold and silver markets have become virtual markets. There is no physical aspect, essentially, to the way they trade on an intraday basis. Extremely large volumes of synthetic supply are just created and exchanged. That’s primarily through the bullion banks, which also have exposure to the physical market, and the managed money and the specs.
So when you look at the COMEX, it’s not a delivery market. It’s actually no more than a casino. The price of real physical gold in the actual world markets is, by default, set at the margin because of this incredible leverage. It bears absolutely no relationship to the real, unleveraged supply/demand fundamentals.
But here is what we are actually witnessing now: This dislocation is about to blow up....
“The bullion banks, they’ve created this controlling level of position concentration. So they can really control the flow of what we call the ‘chips’ in this casino.
This short-term profit activity over the years has actually created a major, unsustainable divergence between these two markets. These banks are actually fighting a losing battle. They simply cannot control the underlying physical market. All you have to do is just pull up a weekly chart of gold or silver and you are going to see a steady, multi-year, solid rise in precious metals prices. That’s against all currencies, not just the dollar.
Think about it -- that (rise) was even before China moved in to buy gold in the thousands of tons. It’s really simple: Gold is the anti-dollar. You have to understand the motivation of Western central banks, why they would want to assist with the debasement (manipulation lower) of gold and silver prices. It’s the global ‘anti-fiat currency.’
So they (Western central banks and governments) are very happy to allow the bullion banks to act as their agents and control the paper markets. Think about it, Eric: Less than three weeks ago we were on the verge of breaking out above $1,700 on gold and $32.50 on silver.
A breach of that area would have tripped off very large short stops. There also would have been very large sideline orders (entering the market). This is money on the sidelines waiting for $1,700 to be breached. We were at the point of breaking out, and that was a razor’s-edge problem (for the manipulators). That would have accelerated gold to new all-time highs had we broken through that ($1,700+) level (with conviction).
The physical market was on fire, (we had) real-time shortages, huge Asian demand, premiums through the roof. Then someone had the audacity in that COMEX casino to tender for 18 tons of gold fully paid. At that point they (manipulators) had a problem.
Naked shorting is going on there (on the COMEX by bullion banks), and you had this ‘perfect storm.’ Something had to be done. Anyone close to the physical market knows that the takedown footprints lead directly to the Bank for International Settlements (BIS). This is the central banks of central banks.”