Sovereigns are exploiting Comex paper smashes to get real metal, Maguire tells KWN

Section:

9a ET Saturday, May 18, 2019

Dear Friend of GATA and Gold:

Sovereign buyers are using smashes on the New York Commodity Exchange's futures market to acquire gold and silver at a discount, London metals trader Andrew Maguire told King World News this week, adding that backwardation in silver has reached "unprecedented" levels. In spite of the sharply downward action in futures lately, Maguire says, metal supplies around the world remain tight and the Comex prices are not representative of world markets. Maguire's interview is 20 minutes long and can be heard at KWN here:

https://kingworldnews.com/whistleblower-andrew-maguire-naked-short-selli...

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



ADVERTISEMENT

Buy, Sell, or Store Precious Metals with Money Metals

Money Metals Exchange, a national bullion dealer recently voted "Best in the USA" by a worldwide ratings group --

https://www.moneymetals.com/news/2015/02/03/worldwide-ratings-organizati...

-- is a great low-cost source for precious metals coins, rounds, and bars. Money Metals also pays handsomely when you wish to sell your precious metals.

Shop online with Money Metals Exchange here --

https://www.moneymetals.com/buy

-- or by calling 1-800-800-1865.

Meanwhile, the Money Metals Depository --

https://www.moneymetals.com/depository



Help keep GATA going

GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:

http://www.gata.org

To contribute to GATA, please visit:

http://www.gata.org/node/16