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renaissance

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GATA - Bullion banks try to panic gold miners into hedging, Maguire says

posted on Dec 20, 2013 03:00PM

Bullion banks try to panic gold miners into hedging, Maguire says

Submitted by cpowell on 11:17AM ET Friday, December 20, 2013. Section: Daily Dispatches

2:15p ET Friday, December 20, 2013

Dear Friend of GATA and Gold:

London metals trader and market-rigging whistleblower Andrew Maguire tells King World News today that bullion bankers, including the chairman of the London Bullion Market Association himself, are trying to frighten gold mining companies into hedging their production again. Maguire claims that recent attacks on the gold price have been undertaken partly for this purpose, meant to panic miners into dumping their metal cheaply so that the naked short positions of the bullion banks can be covered. An excerpt from Maguire's interview is posted at the King World News blog here:

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/12/20_LBMA_Chairman_Tells_Producers_Gold_To_Plunge_%24400_In_2014.html