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Real metal isn't backing up short sales, Maguire tells King World News

IMG Auteur
Chris Powell
GATA
Published : April 13th, 2013
76 words - Reading time : less than a minute
( 5 votes, 4.2/5 ) , 1 commentary
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London metals trader Andrew Maguire tells King World News tonight that no real metal is appearing to support the naked shorting of gold in the futures markets. "That official sellers are even more reliant on massive coordination of mainstream media and verbal interventions to back up these virtual sales, it's not going unnoticed by Middle-Eastern and Eastern-centric central banks and sovereigns." An excerpt from the interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_Da...2013/4/12_Ma...
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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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vox kadavergehorsamkeit   4/18/2013 at 10:28 AM GMT
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What pure, unvarnished idiocy! Of course there was no physical backing the naked shorting (if that is what really took place). If there was any metal to back the shorts, they would not have been naked. Or has someone changed the meaning of terms while I was not looking?

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