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Gold selling likely comes from BIS at behest of U.S., Maguire tells King World News

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Published : December 21st, 2012
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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...

 

 

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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.
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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
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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
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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
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Obviously you are a complete idiot.
Please do everyone a favour and disappear from this site.
Merry Xmas
Rate :   1  3Rating :   -2
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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.
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