One of the growing theme of late among those that are trying to actually research the facts surrounding the claims of alleged JPMrogan price manipulation in silver is who exactly is Andrew Maguire and can his information be substantiated. Many researchers have been stymied when trying to obtain any sort of background on this chap. What we do know is only what he has told us through various known permabull and conspiracy sites such as GATA and King World News to name only two in a handful.
According to the information provided to us, Andrew Maguire was a former Goldman Sachs metals trader in London. His whistle-blower status centers around what he was told…not what he did. Remember he was “told” by metals traders that worked for JP Morgan that there was manipulation going on in the metals market by their firm in an effort to suppress the price of silver.
He was told ... this implies we are not dealing with prima facie evidence but instead are dealing with hear-say evidence. There is a major difference in how this type of evidence is dealt with and how much creditability is afforded to it.
In any event, don’t take my word for it. Watch this video… all of it, and focus your attention starting at roughly 2:45 of the video in Jeffrey Christian’s interview. Nobody has been able to obtain any sort of background on the guy. Even major publications who were putting together significant pieces on the topic wanted some background information on Maguire as part of their journalistic due diligence but none of them were provided with anything. Why is it that Goldman Sachs cannot confirm whether or not he ever worked for them and why is it that it is near impossible to get a curriculum vitae of the guy even when asked by the likes of the Economist, CNN,, BBC, Financial Times etc, he refused to provide any documentation to support his claims that he has the background he claims he did. Is he just an attention seeker as Christian claims? Of Further note is that the CFTC never confirmed receiving the emails he has produced as his smoking gun. Nobody in the London bullion market can confirm this guy even worked there.
Expect the heat to get turned up on Maguire noting that more and more people are starting to question this guy’s background and claims. I bought his information hook line and sinker when it was revealed because back then, I was believing all the manipulation conspiracy theories myself. Then I started to question the sources and started wondering if they were marketing something to me or actually providing me with fact based argument. Shortly thereafter I changed my views and have since started to question it all.
