Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench

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

IMG Auteur
Published : December 21st, 2012
188 words - Reading time : less than a minute
( 2 votes, 5/5 ) , 4 commentaries
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
4
comment
Our Newsletter...

 

 

 

 

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...

 

 

Companies Mentionned : Metals X |
<< Previous article
Rate : Average :5 (2 votes)
>> Next article
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.
WebsiteSubscribe to his services
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
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Mining Company News
Sandstorm Gold(Cu-Mo-Au)SSL.V
Files Early Warning Report
CA$ 3.01-6.52%Trend Power :
Corporate news
Crown PointCWV.V
Provides Operational Update and Announces Executive Change
CA$ 0.13+4.00%Trend Power :
Corporate news
Cardero Res.(Ag-Au-Cu)CDU.TO
Announces Acquisition of the Advanced Zonia Copper Oxide Project in Arizona
CA$ 0.02+33.33%Trend Power :
Corporate news
Vista Gold(Cu-Le-Zn)VGZ.TO
. Announces Receipt of an Additional A$5.9 Million Net Tax Refund Under the Australian Govern
CA$ 0.36+4.35%Trend Power :
Corporate news
First Majestic(Le-Zn-Au)FR.TO
announces friendly acquisition of Silvercrest Mines
CA$ 4.02-14.10%Trend Power :
Corporate news
Sterling Res.(Oil)SLG.V
Announces Appointment of Strategic Financial Adviser
CA$ 0.16+0.00%Trend Power :
Nominations
Polaris MineralsPLS.TO
Materials announces the opening of its aggregate terminal in the Port of Long Beach, Californ
CA$ 2.17-1.36%Trend Power :
Corporate news
Endeavour Financial(Ag-Au-Co)EDV.TO
Mining to release Q2 results on July 30, 2015
CA$ 0.47-4.08%Trend Power :
Corporate news
Premier Gold Mines(Au)PG.TO
confirms current Reserves & Resources at South Arturo
CA$ 1.87+3.31%Trend Power :
Corporate news
Guyana(Ag-Cu-Ni)GPM.V
GPM Metals Inc. provides an update of The Walker Gossan Project, Northern Territory, Australi
CA$ 0.16+0.00%Trend Power :
Corporate news
Comments closed
  All Favorites Best Rated  
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