Chart usGOLD   Chart usSILVER  
 
Food for thought
Just give me a ruler and I'll draw you fundamentals on any given chart
The Technical Analyst  
Search for :
LATEST NEWS  :
MINING STOCKS  :
Subscribe
Write Us
Add to Google
Search on Ebay :
PRECIOUS METALS (US $)
Gold 1287.010.21
Silver 19.450.00
Platinum 1419.500.75
Palladium 899.20-2.55
WORLD MARKETS
DOWJONES 1709815
NASDAQ 458023
NIKKEI 15425-35
ASX 56253
CAC 40 438115
DAX 94708
HUI 2463
XAU 1021
CURRENCIES (€)
AUS $ 1.4062
CAN $ 1.4278
US $ 1.3133
GBP (£) 0.7912
Sw Fr 1.2060
YEN 136.6700
CURRENCIES ($)
AUS $ 1.0710
CAN $ 1.0877
Euro 0.7614
GBP (£) 0.6024
Sw Fr 0.9177
YEN 104.0000
RATIOS & INDEXES
Gold / Silver66.17
Gold / Oil13.41
Dowjones / Gold13.29
COMMODITIES
Copper 3.150.01
WTI Oil 95.961.29
Nat. Gas 4.070.04
Market Indices
Metal Prices
RSS
Precious Metals
Graph Generator
Statistics by Country
Statistics by Metals
Advertise on 24hGold
Projects on Google Earth
Gold selling likely comes from BIS at behest of U.S., Maguire tells King World News
Published : December 21st, 2012
188 words - Reading time : less than a minute
( 2 votes, 5/5 ) , 4 commentaries Print article
 
    Comments    
Tweet

 

 

 

 

In the second installment of his interview with King World News today, London metals trader and silver market whistleblower Andrew Maguire says the recent overwhelming selling in gold is likely coming out of the Bank for International Settlements at the behest of the U.S. government, not, as some rumors would have it, out of hedge fund managers like John Paulson. The seller, Maguire says, is "not somebody seeking the best price."

That the BIS trades in gold and gold derivatives on behalf of its member central banks is a matter of public record, verifiable in the BIS' annual reports, other BIS documents, and press profiles over the years, such as are cited here:

http://www.gata.org/node/11622

http://www.gata.org/node/11502

http://www.gata.org/node/11990

But GATA will pay a thousand ever-depreciating dollars to anyone who can find a mainstream financial journalist who will bother to telephone the BIS, ask for an account of what it has been doing in the gold market this month, and report the bank's answer -- or, rather, its snickering refusal to answer.

An excerpt from the new installment of Maguire's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2012/12/20_W...

 

 

Tweet
Rate :Average note :5 (2 votes)View Top rated
Previous article by
Chris Powell
All articles by
Chris Powell
Next article by
Chris Powell
Receive by mail the latest articles by this author  
Latest comment posted for this article
Well I guess the idiot spammer took my advice and used my comment on how to report his posts against me. Ah well, where would the world be if we didn't have spammers to abuse and look down upon. It does make you wonder if the people that run this site e  Read more
Hart - 12/22/2012 at 12:43 AM GMT
Rating :  2  1
TOP ARTICLES
Editor's picks
RSS feed24hGold Mobile
Gold Data CenterGold & Silver Converter
Gold coins on eBaySilver coins on eBay
Technical AnalysisFundamental Analysis

Chris Powell

Chris Powell is the secretary of the Gold Anti-Trust Action Committee (GATA) which has been organized to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities.
Chris Powell ArchiveWebsiteSubscribe to his services
Most recent articles by Chris Powell
8/29/2014
8/29/2014
8/29/2014
8/28/2014
8/28/2014
All Articles
Comment this article
You must be logged in to comment an article8000 characters max.
 
Sign in
User : Password : Login
Sign In Forgot password?
 
 
       
My comment below is/was not directed at Chris Powell.
It was really directed at the person who fills idiotic comments,all the same on about 10 articles at once.

All the best to everyone and Merry Xmas.
Rate :   0  1Rating :   -1
EmailPermalink
Well I guess the idiot spammer took my advice and used my comment on how to report his posts against me. Ah well, where would the world be if we didn't have spammers to abuse and look down upon.

It does make you wonder if the people that run this site ever come here.
Rate :   2  1Rating :   1
EmailPermalink
Obviously you are a complete idiot.
Please do everyone a favour and disappear from this site.
Merry Xmas
Rate :   1  3Rating :   -2
EmailPermalink
Or SW you could just click on the 'Report Abuse' link in the bottom right hand corner any time you see one of these morons posting. Help us all keep these slime balls in check.
Rate :   4  3Rating :   1
EmailPermalink
Receive 24hGold's Daily Market Briefing in your inbox. Go here to subscribe or unsubscribe.
Disclaimer