Gold likely to rebound when China resumes trading Monday, Maguire says

Section:

7:18p ET Thursday, October 6, 2016

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that gold is likely to reverse upward Sunday night when Chinese trading reopens on the eve of a holiday in the United States. What happened to gold this week, Maguire says, "is the standard form of defensive attack that we see when serious cracks appear in the unallocated gold market delivery system. We saw it in April 2013 with ABN AMRO and we are seeing it again on a much larger scale now with Deutsche Bank."

Maguire's comments are posted at KWN here:

http://kingworldnews.com/andrew-maguire-this-gold-takedown-charade-is-ab...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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