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Bullion banks covering shorts with ETF-liquidated gold, Maguire says
4:15p ET Saturday, June 29, 2013
Dear Friend of GATA and Gold:
London metals trader and silver market rigging whistleblower Andrew Maguire today tells King World News that last week's attack on gold was a surgical strike by the Federal Reserve and its allied bullion banks and was all paper, no real metal. Bullion banks are covering their short positions with gold liquidated from exchange-traded funds, Maguire says, adding that real metal is scarce, with huge premiums and delivery delays. An excerpt from the interview is posted at the King World News blog here:
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/6/29_An...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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