'Massive physical offtake' in London gold, Maguire tells King World News

Section:

1:20p ET Monday, April 15, 2013

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that central banks and commercial traders seem to be buying all the gold paper being sold under margin pressure and that there is "massive physical offtake."

Maguire says: "Western governments have sanctioned leveraged paper selling by their agents, the bullion banks, to drive the price down. What people are seeing right now has nothing to do with the physical market. In fact the physical market is on fire right now."

An excerpt from the interview is posted at the King World News blog here:

http://tinyurl.com/bs866kx

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.



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