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Physical demand from central banks, big traders is overpowering futures, Maguire tells KWN
11:28a ET Sunday, February 17, 2019
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire tells King World News this week that physical demand from central banks and other big traders is building outside public view and becoming more important than trader reports from the futures market, which are always discouraging for longs.
As a result, Maguire says, price dips have been and will continue to be shallow and short, but he adds that ordinary investors should avoid futures and just buy real metal and remove it from the banking system, which is always working to suppress prices.
Maguire's interview is 15 minutes long and can be heard at KWN here:
https://kingworldnews.com/andrew-maguire-this-is-what-is-happening-behin...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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