Andrew Maguire: “I can tell you, Eric, that the commercials are on the long side (of the gold and silver markets) for sure. One only has to look at these same actors' footprints in the much smaller and more visible silver market to foreshadow what these insiders are about to do in gold…
“And that is to ring the register on extremely large, wrong-footed hot-money short positions.
Silver always provides the first clue as to what these collusive traders are doing in gold. And when we see the hot-money weak hands, I’m talking about the managed money hedge funds, build a gross short position in silver that reaches record levels, we know that on the long side of each of these positions are the market-making concentrated bullion banks.
And it’s impossible for this hot money to win these short bets. That’s because these positions are aggregated among many traders, whereas the insider bullion banks, along with the Bank for International Settlements, are colluding as one unit.
These naked short sellers in silver have run out of sufficient short fuel and there is very little remaining open interest to milk out of silver. These funds have recently used profits to fund even more short positions (in silver). This makes their low-hanging short stops extremely vulnerable to a major rinse..."
at http://kingworldnews.com/andrew-maguire-china-on-the-brink-of-winning-the-gold-war-against-corrupt-west-as-gold-and-silver-prices-set-to-soar/
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