Gold set for violent spike up, Maguire tells KWN

Section:

2:47p ET Friday, August 3, 2018

Dear Friend of GATA and Gold:

Now that there is a record short position in gold futures by speculators, "a huge move higher" in gold is near, London metals trader Andrew Maguire tells King World News today.

China, Maguire adds, has been playing the gold market with its usual cleverness, using paper gold to knock prices down while buying real metal with devalued yuan. Contrary to suggestions from the World Gold Council, China's gold demand this year has been strong, Maguire says.

Maguire's comments are headlined "Andrew Maguire -- Gold Market Set to Spike Violently Higher, Crushing Hedge Fund Shorts" and it's excerpted at KWN here:

https://kingworldnews.com/andrew-maguire-gold-market-set-to-spike-violen...

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


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