Today London whistleblower and metals trader Andrew Maguire told KWN that a large bullion bank made a massive bet that the price of gold will surge above $1,250 by December.
Massive Bets On Gold Surging Above $1,250
November 10 (King World News) – Andrew Maguire: “We have evidence that the market making bullion banks added sizable long December options commencing on September 28th as they banged the price of gold into a month end low at $1,184.30. If you recall, at this point everyone was calling for a breach of the $1,124.30 December 2016 lows, and specs were so emboldened they were betting on it in record numbers. At this point, sentiment was exactly where the insiders running the casino wanted it to be, just as we witnessed again today, in the tank…
Gold is making its way back into the global monetary
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Bullion Banks Bullish Gold
Andrew Maguire continues: “However, into the September $1,184.30 lows, we had reports that a large market making bullion bank had placed 3-month bullish bets that would move into profit above $1,250.00. This went along with the then unprecedented long commercial COT to spec Open Interest positioning. Of course, todays COT report has been delayed by 3 days and won’t reflect the extent that commercial hedgers and bullion banks have raised their bullish bets to record levels once again. Now looking at…KWN has now released the remarkable audio interview with London whistleblower Andrew Maguire and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
ALSO JUST RELEASED:ALERT: WAR RAGING IN GOLD AND SILVER MARKETS: Commercial Hedgers Making Moves CLICK HERE TO READ.
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