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Maguire sees gold cartel splitting; Rickards predicts revaluation by year-end

Section: Daily Dispatches

4:34p ET Friday, August 20, 2017

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire tells King World News today that the gold price suppression cartel is splitting, that Goldman Sachs and two other bullion banks have allied with China and are going long, and that Indian gold buying is strong, not weak as has been reported. An excerpt from the interview is posted at KWN here:

Coincidentally, in a promotion for his proprietary newsletter yesterday, fund manager and author James G. Rickards, who has enjoyed U.S. government security clearance, asserted yesterday that the U.S. government is likely to join with other major governments and officially revalue gold to $10,000 per ounce by the end of the year:

As for GATA, we'll believe it when we see it, but there's no harm in having a nice weekend imagining the dawn of another golden age. If gold price suppression ever comes to an end we can always move on to flying saucers, the abominable snowman, the Loch Ness monster, or, come winter, the Bermuda triangle. (It's warmer down there.)

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


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