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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War

    Lobo
    Lobo
    Lobo
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    Posts : 28411
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    • Post n°1

    Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War Empty Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War

    Post by Lobo Fri Apr 22, 2016 8:15 pm

    Andrew Maguire – Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War
    April 22, 2016
    Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War King-World-News-Andrew-Maguire-Who-Smashed-Gold-Today-And-Why-As-HSBC-Shocks-Clients-By-Closing-All-London-Gold-Vaults-864x400_c
    [b]Today whistleblower and London metals trader Andrew Maguire spoke with King World News about the massive pressure for a gold price reset, Deutsche Bank’s confession, and China checkmating the West in the gold war.[/b]
    Andrew Maguire:  “Eric, what people are witnessing are the first winds (early stages) of a perfect storm brewing for much higher gold and silver prices. This is because the physical market is beginning to dictate price and to constrain what the paper market actors can do…
    Continue reading the Andrew Maguire interview below…

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    Andrew Maguire continues:  “Let’s look at some of the catalysts driving this perfect storm.  This week we had the launch of the long awaited Shanghai Gold Exchange fix, something that has been purposefully underplayed by the mainstream media. Then, hot on the heels of the SGE launch, the PBOC (People’s Bank of China) and Russia’s central bank announced a joint gold trading platform. This is an act of war against Western central planners, who have played right into their golden hands.
    But I think it is important to take a look at the history of how this new SGE fix has come about and why and how it was so hard fought by Western central planners, as this draws attention to the underestimated implications this will have on price discovery, which up until now has been the domain of the paper markets.
    Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War King-World-News-Earth-Shaking-Swiss-Move-Creates-Enormous-Chaos-As-London-Gold-Pool-II-FaltersChina Checkmates The West In The Gold War
    More importantly, it illustrates that Western central planners have lost the war against China’s move to wrest away control and to consolidate the gold market, a market that was once firmly under Western control. Obviously, this has huge implications. Given that there are billions of dollars of underwater derivatives under threat and price is increasingly being set outside of the (bullion bank) market makers control, the pressures for a gold price reset are massive.
    With China playing the long game, the (upside) battle is now won. But knowing the LBMA bullion banks would try to skirt the SGE fix, China forewarned these (Western bullion) banks that if they didn’t participate, they would be barred from participating in the Chinese gold markets. Furthermore, any manipulation attempts by the bullion banks would be dealt with the Chinese way, not the bought and paid for Western regulators’ way. So this is a true game-changer.
    And you can add into the bullish mix Deutsche Bank admitting to colluding with several other bullion banks in order to rig bullion prices. Aside from the multi-billion dollar civil law suits that will ensue, some of which are already filed, the key element here is the agreement by Deutsche Bank to release transcripts that prove collusion. This is a huge deal.
    Massive Pressure For Gold Price Reset As China Checkmates The West In The Gold War King-World-News-Andrew-Maguire-Who-Smashed-Gold-Today-And-Why-As-HSBC-Shocks-Clients-By-Closing-All-London-Gold-VaultsWhistleblower Andrew Maguire And Deutsche Bank’s Confession
    Perhaps Deutsche Bank will attempt to seek immunity from prosecution, but given the banks they will formally name that will be at the center of the evidence I provided to the regulators in 2009 – 2011, it looks like these regulators will finally be forced to act. Either way, once it is realized that the true gold price is as yet undiscovered and related to billions of dollars worth of entrenched naked short derivative bets, the sharks will smell blood and watch out above (as the price of gold will soar).
    Right now the Western central planners are losing control of the precious metals market reigns, as evidenced by the distinct changes in market behavior. Historical correlations are evaporating and we are seeing a push into physical on a scale I have never witnessed before.
    http://kingworldnews.com/whistleblower-andrew-maguire-and-deutsche-banks-confession-as-china-checkmates-the-west-in-the-gold-war/
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