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Physical purchases thwart gold price suppression, Maguire tells KWN
12:37p ET Friday, February 19, 2016
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire today tells King World News that buying of physical gold is thwarting attempts to use paper gold to push the price back below $1,200. Maguire adds that Indian gold wholesalers have been postponing purchases in expectation of a reduction in import tariffs, and if the reduction is large enough, it could trigger a lot of buying. An excerpt from Maguire's interview is posted at the KWN blog here:
http://kingworldnews.com/andrew-maguire-exposes-what-has-shocked-traders...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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