Posted by Richard640
@ 12:12 on April 1, 2018
Whilst every time Andrew Maguire goes on air, the paper price of gold is trashed, correlation is not to be confused with causation. At 15.00 on the last Friday of every month (perhaps today as tomorrow is Good Friday), the BIS tries to window dress its trillion USD underwater derivatives book for reporting purposes. Therefore the paper gold price action of the last 24 hours was caste in stone.
The bad news for the BIS, Cartel and LBMA is that the whole world is now waiting for this end of month market action and seeks to capitalize upon these waterfall paper gold price declines as unmissable windows of opportunity for physical gold acquisition.Many astute investors are also loading up on physical gold in order to ‘front run’ the imminent seriously large physical gold purchases for the ‘alternative currency’ -kinesis.com-that will go live in October 2018. If you are in paper gold only (including unallocated gold holdings) you will simply be ostracized from this ‘party to end all parties’ (If you haven’t listened to this interview at least twice, then you are not really serious about the gold market)
Denis Gartman believes that as soon as the Venezuelan Central Bank has completed its disposal of (184?) tons of gold, an orderly gold market will return. Andrew also believes that it will be ‘business as usual’, but only until the impossible, unsustainable strain and tightness in the physical gold market causes a massive price ‘reset’, probably over a weekend, and it may be soon.
Whilst I have been immersed in GATA’s attempts to unravel the corruption, and manipulation of the physical gold market for a decade, I still find it difficult to get my mind around the magnitude of this imminent unraveling.
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