Market Overview

Andrew Maguire: the “King” interview Part II

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In Part I, we were introduced to Andrew Maguire – a veteran metals-trader, and genuine “whistle-blower”. We had our suspicions about the precious metals market confirmed: that the anti-gold cabal engages in regular, ruthless take-downs of the precious metals market, and prefers to whip-saw investors in the process, whenever possible, as part of a ground-breaking interview on the “King World News” program, which also featured GATA director, Adrian Douglas.


We learned that he (Maguire) had handed the CFTC an “open and shut” case of market-manipulation, through two detailed anecdotes, including a “play-by-play” of a current, manipulation operation – and that the CFTC refused to give Mr. Maguire the opportunity to expose the evil deeds of the bullion-banks, most notably the manipulation of the silver market by JP Morgan traders.


As an amusing aside, a Bullion Bulls reader located (and passed along) a New York Post article which actually discusses Andrew Maguire, in detail. The Post article also quoted JP Morgan spokesman Brian Marchiony as saying, “No one at JP Morgan is familiar with Andrew Maguire,” a gesture much akin to an ostrich burying its head in the sand. What makes the JP Morgan denial so hilarious is that Mr. Maguire is, in fact, an ex-Goldman Sachs trader. Thus, JP Morgan's denial is much like Tweedle-dum pretending he had never heard of Tweedle-dee.


In Part II, we will learn the implications of what Andrew Maguire revealed, along with “bomb-shells” from the CFTC pretend-hearings with respect to gold and silver manipulation. A good place to start Part II would be to quote Adrian Douglas after observing that the “gold market” was greater than $5 trillion in size:


This will be the biggest scam in financial history.”

The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

 

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