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Powerful contra-indications for gold from whistleblower Maguire and GGR's Arensberg

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Published : February 25th, 2013
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Category : GoldWire

London metal trader and silver market whistleblower Andrew Maguire today tells King World News that Eastern central banks have used the recent smashdown in gold to acquire hundreds of tonnes and that the smashdown is actually a "bubble short position" likely subject to a "violent" reversal. An excerpt from the interview is posted at the King World News blog here:

Meanwhile over at the Got Gold Report, Gene Arensberg notes the recent big reduction in gold holdings by the exchange-traded fund GLD and finds that the four most recent big reductions in GLD holdings were quickly followed not by a "death cross" apocalypse but by rising gold prices. Arensberg's commentary is posted in the clear at the Got Gold Report here:

And market analyst Al Jolson's outlook has been posted at YouTube here:


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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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