Posted by drb2
@ 21:01 on November 3, 2015
Interesting article posted on Silver Doctor about Andrew Maguire.
Reader comments were good too. I copied a few (below).
In particular – check out Maguire’s new exchange (chew post below).
It looks like the real thing – if so I think that it gives him a boost of crediblity.
Would love to hear any opinions.
He’s been wrong along with all the other self promoters on this and other sites.
What’s happened is all the wealth has been concentrated into the hands of a few select people around the world. The new statistic is 80 people hold more wealth than the bottom 3,600,000,000 part of the population.
This is not economic collapse but instead the ushering in of a Dark Age. There’s plenty of wealth available just its in the hands of a very few select people where 1 person has more wealth than 45,000,000. This seems to be the piece of the puzzle that Andrew Maguire, Bo Ploney, Marshall Swing, Jim Sinclair and the rest of the crew missed. It’s not an economic collapse as they predicted where gold would go parabolic but instead wealth consolidation akin to a Dark Age.
This small group of people have been allowed to do everything from rig LIBOR, stocks, commodities including gold prices without any serious investigation or anyone going to jail. In hindsight it appears part of this process was to destroy safe haven commodities like gold prices was required to hasten this process.
Like some here i am still divided about Andrew M. On the one hand he has been promoting the ABX allocated exchange for some time now and there always seems to be a delay in getting it up and running. However, on the other hand, there could be legit reasons for this. Keeping it under the radar of the big Bullion Banks is one good reason.. another that i heard rumours of alot more entities have applied to trade on it and this has caused a delay in opening. Another legit reason is perhaps regulatory roadblocks in his way put up by the TPTB. However, if it were just a fake then alot of work has been done to put up a website for this new exhange.
So the jury is still out for me on AM. Nevertheless, in his recent interview he has stated he believes with absolute confidence that pm prices will be much higher than now at year end 2015. Is that an indication that the ABX ex will be up and running very soon? Like many, I will wait and see but holding my pms close to my breast. As for all the other ones. BP, HO, etc that have been prognosticating for pie in the sky rocket launch of pms every month, they lost all credibility with me long time ago…
Forgot to put the website link for ABX ex…
http://www.abx.com
Check it out.
Also this website:
http://www.goldvu.com/abx-global.html
this site has been completely taken over by the disinfo agents.
there is a reason why a handful of people have taken most of the wealth in the world. it astounds me to see how many commenters here bash people like Andrew Maguire. the total manipulation of every market in the world now is unprecedented. they may drag this on for many more years, but it does not make these analysts/insiders wrong. try to be one of the few that does not lose most of your saved wealth.
a good couple of articles which neatly sums up the whole fraud including gold suppression are here:
https://www.sprottmoney.com/blog/h-to-hide-a-hyperinflation-1.html
https://www.sprottmoney.com/blog/how-to-hide-a-hyperinflation-part-ii-jeff-nielson.html
read them carefully and understand how the whole thing works. then understand how the fraudulent system will inevitably fail. finally, understand why you need to own gold, silver, and platinum RIGHT NOW.
Posted by WANKA
@ 19:47 on November 3, 2015
hummm i’ll bet on the 50% fibo that it holds! maybe the support channel at 1115-20 too. 
wj
wj
Posted by Samb
@ 18:10 on November 3, 2015
Seems a bit extreme to me. Only 2 up days in the last 13. Bounce up and then we break the early Aug lows. It ain’t over just yet folks.
Posted by Auandag
@ 17:51 on November 3, 2015
Jonathan Kosares of USAGold wr ites: “I’m becoming increasingly convinced that algorithmic trading is the single most influential force pushing markets in a ‘supportive direction’ of a ‘credible’ Fed. Would any reasonable person really be leveraging positions in long dollar, short yen, short gold, and short euro just because the Fed said they are ‘once again’ going to look at raising rates a paltry 0.25 percent in December? It doesn’t amount to anything. Yet the price action over the past week would suggest the Fed is on the cusp of a ‘lunar landing’ of monetary policy.”
The only way to escape this market rigging, Kosares writes, is to buy real metal, not paper.
Posted by ipso facto
@ 17:50 on November 3, 2015
Russian and US air forces have staged joint drills to practice air safety measures in the skies over Syria, according to the Russian General Staff, which also reported that its military has begun to coordinate with Syria’s moderate opposition forces.
In the course of the drills, both the air crews and ground services of Russian and US forces drilled procedures aimed at avoiding problems in case the two countries’ military aircraft find themselves in dangerous proximity in Syria’s skies, Russian General Staff spokesman Colonel General Andrey Kartapolov said on Tuesday.
“The exercises took place at 11:00 Moscow time (08:00 GMT) [on Tuesday],” he added.
The joint drills come after Moscow and Washington signed a “deconfliction” memorandum last week to ensure air safety over Syria.
more https://www.rt.com/news/320675-russia-us-exercises-syria/
Posted by Buygold
@ 17:24 on November 3, 2015
Stock up 10% AH. A comedy show.
Imagine what happens to a gold stock when they miss.
I actually thought Primero’s (PPP) earning weren’t great but their cost reductions and production guidance was. Stock still down 5%.
Just can’t wait to see what happens tomorrow.
Posted by ipso facto
@ 17:09 on November 3, 2015
“Obama’s sanity”
Geez I’ve got my doubts there too. Worrying!
Posted by commish
@ 16:39 on November 3, 2015
Posted by Buygold
@ 16:36 on November 3, 2015
No questions about his gold holdings, Druckenmiller didn’t offer any comments.
He is short the Euro. Pretty bearish on the US future.
He made a good case for gold but never mentioned it. I wonder how he feels now that he owns some and watches the ridiculousness of how it trades?
Posted by Maddog
@ 16:16 on November 3, 2015
36,000 troops, 200 aircraft & 60 vessels: NATO launches biggest war games in 13 years
NATO has started its biggest exercise since 2002 with 36,000 international troops from 30 states, including non-NATO nations, participating in the drills which are taking place at sea, in the air and across the territory of three European states.
The alliance has kicked off its massive “Trident Juncture 2015” exercises which will last until November 16. Along with the NATO member states, seven more partner nations are participating in the drills: Australia, Austria, Bosnia and Herzegovina, Finland, the Republic of Macedonia, Sweden and Ukraine.
Some 36,000 troops as well as more than 60 warships and about 200 aircraft will participate in the drills which makes it the biggest since 2002 when about 40,000 troops took part in NATO’s “Strong Resolve” military exercise.
https://www.rt.com/news/317564-trident-juncture-nato-drills/
Posted by Buygold
@ 15:08 on November 3, 2015
They certainly have had a lot of opportunities to get it on the cheap.
Auandag – that’s just blasphemy to show a gold chart with potential upside! 🙂
I personally don’t think it matters but I guess ya never know.
Posted by Maddog
@ 15:08 on November 3, 2015
re WW1….absolutely. Obummer shud be catching hell for his insanity.
Posted by ipso facto
@ 15:02 on November 3, 2015
Interesting. Doesn’t sound like a bomb. If you find that video post it here.
Cheers
Posted by ipso facto
@ 15:01 on November 3, 2015
“Cheap enough”
I hope that’s right now! 🙂
Posted by goldielocks
@ 14:45 on November 3, 2015
One of my Mid East friends, friend posted a video from inside the Russian plane hard to translate but picture was of mostly young Russian passengers and white smoke was coming from inside the plane down the halls before the crash. They were speaking in Russian but they wernt panicking but talking but we’re concerned from the expressions and tone of voice. I searched and couldn’t find any video of it here but it’s circulating there.
Posted by margaret
@ 14:39 on November 3, 2015
It seems to me that this is what some are waiting for – when it gets cheap enough, they will buy as much as they can. Maybe they are the shrewd ones.
Posted by ipso facto
@ 14:31 on November 3, 2015
Looks like most of us are not interested in defending SA from ISIS.
Should the US help defend Saudi Arabia if it is attacked by ISIS?
no (75%, 45 Votes)
yes (25%, 15 Votes)
Total Voters: 60
Posted by Auandag
@ 14:09 on November 3, 2015
Posted by Buygold
@ 14:04 on November 3, 2015
I’m wrong a lot too but that’s just because I think pm’s might go up. 🙂
PM shares are OK, I thought we might hold 115-120, but if the metals get going to the downside again I’m not sure. I wonder what the shares would be doing if the SM was down? I dunno.
Posted by ipso facto
@ 13:34 on November 3, 2015
PM shares aren’t really trading like POG is going much lower. Some are even up. Maybe this is it?
I’m only wrong about the market like 90% of the time so …
Posted by ipso facto
@ 13:32 on November 3, 2015
Posted by Buygold
@ 13:14 on November 3, 2015
Blew right thru $1120, I guess back to $1080.
Oil up 4% – nothing matters but what the criminals want the pm’s to do. Amazing.
Posted by Mr.Copper
@ 12:06 on November 3, 2015
T. Payne I think said that. The PTB media can create or modify public opinion in about two weeks. The most important objective is for tax payers to #1, buy and control the biggest media company. Maybe even do an eminent domain thing on them.
#2 is to re-declare US independence from Britton. #3 declare neutrality like Switzerland. I’m an isolationist. Anything else is not good for America imo. Re wars? They can not happen with real money. Not affordable. The Fed Res was created so “we” can involuntarily borrow and the “we” but not we, can spend it on wars etc.
Everybody really needs to think much deeper into things. “China” is not China either. Its a sanctuary, or harbor, for businesses to operate unfettered, like Afghanistan is a sanctuary, or harbor for terrorists from many countries, with one objective.
“China” is where manufacturers from around the world are harbored. It used to be USA once. Example, if my domestic USA business uses 100 tons of copper a year, and I move my business to “China”, “China” gets the credit for consumption of 100 tons of copper, not the USA.
Posted by ipso facto
@ 11:05 on November 3, 2015
JOHANNESBURG (miningweekly.com) – Expenditure on exploration has been declining to such an extent that a break in the continuity of global gold production is inevitable. “It’s only a question of when,” says Gold Fields CEO Nick Holland, who points out that it currently takes 18 years to get a mine from grassroots exploration through to production, compared with ten years a decade ago, and that the average reserve life of gold mines is now down to 13 years. With exploration spend decimated and new mine spend not there, a supply gap is seen as certain over the next decade, says Holland, who finds the supply side of gold mining to be replete with issues. For example, the average grade of gold mined is now at a low 1 g/t and poised to drop even further to 0.82 g/t once existing reserves are depleted. Moreover, in real terms, the gold price has not increased since the high of the 1980s and all-in sustaining costs have soared 339% in the last 14 years. At the same time, shareholder value has been destroyed by between 50% and 80% since 2007, despite ongoing capital investment.
more http://www.miningweekly.com/article/gold-production-hiatus-on-way-gold-fields-2015-11-03
Posted by Buygold
@ 10:33 on November 3, 2015
Just have an interesting thing about millenials. They produced some charts that showed millenials preferred real estate and gold over stocks and bonds.
That must really bother the central planners.
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Spending limits have been lifted through Sept 2017. So this means Gold loses it’s value?
mfields111 says:
Several points:
Andrew is a real time metals trader who works on the floor of the London exchange. This gives him input that you can’t get anywhere else.
He is , as we know, involved in the implementation of the ABX which is a new platform for trading metals that is likely to change the way metals are traded forever because the miners can sell their metals directly without manipulated prices getting a much better fill and because Comex futures will be arbitrageable against higher metals prices in the East. Hence, he has knowledge that is not in the markets coming from that .
Third, it is clear to most of us who follow this market closely that the bankers do not have the metals left to push price lower, and they are not doing so now. Hence from that vantage point alone we can see that a reset would be immanent. If we can see it so can GS and the other bankers who don’t want to be underwater when that reset occurs. Hence Andrew’s position makes sense.
Vegasidler says:
I do not believe a word that comes out of Andrew Maguires mouth. He is a BS artist. I will continue to hold my miners and physical because the future is grim. I will do it despite the precious metals investment world being full of liars and conmen and crazies and fools.