Large Sarge
19th December 2013, 07:01 PM
$$ ANDREW MAGUIRE DISCUSSED THE CHINESE PETRO-YUAN CONTRACT AND ITS IMPACT, WITH EXTENSIVE FOUNDATIONS ALREADY PUT IN PLACE. THE BULLION BANKS HAVE FLIPPED AND CONVERTED TO LONG GOLD POSITIONS, SENSING THE CHINESE MOMENTUM TO CREATE A GOLD-BACKED CURRENCY. A KEY ELEMENT IS THE BRITISH JOINING WITH THE CHINESE YUAN SWAP FACILITY. $$$
The Jackass obtained a December 1st issue of the paid commentary from Andrew Maguire, through a Hat Trick Letter subscriber. In an effort not to violate his business, but instead to share his message, two important segments are presented from the MetalsTrades Commentary. In it, he discusses the imminent launch of a rolling spot gold contract by the Chinese to compete with COMEX/LBMA and the conversion of the big Bullion Banks. The tide has turned, the game is over, which must be played out. Many technical traders and believers in the NY/London gold related propaganda will be caught in a tremendous squeeze. The following two paragraphs are by Maguire, who is the consummate insider. He provides a glaring view of the future paths in both the Global Currency Reset and the Global Paradigm Shift. Some guidelines for the newer readers are given. BRIC = Brazil Russia India China, ECB = European Central Bank, RMB = renminbi (Chinese Yuan), BIS = Bank for Intl Settlements (primary global central bank), FX = foreign exchange currency market, BB = bullion bank, LBMA = London Bullion Market Assn, OTC = over the counter market, GBP = British Pound currency, ETF = exchange traded fund, POG = price of gold. MSM = mainstream news. Bolds and underscores are mine, not his.
Maguire: The uncertainties caused by the prospect of US default very recently triggered China 's official news agency talk for a de-Americanised world, urging the creation of a new international reserve currency. These statements followed several other warning shots recently fired at the USFed. It is a mistake to ignore such warnings as they are not hollow threats. China is increasingly in a position to take centre stage, having already established direct trade agreements with the BRIC's, Japan, Germany, Australia, Chile, and the UAE, and have recently moved to implement direct swap deals with the likes of the ECB and UK. The potential size of these aggregated agreements, are sufficient to loosen the US dollar's anchor. This is a big deal, as it enables very large volumes of international trade to be conducted directly in the RMB without having to convert transactions into the US dollar. One of the statements released from the recent policy meetings was the announcement China is moving to price oil futures in RMB. This piece of news alone news is being grossly under-estimated and all of the above agreements undermine the dollar and are extremely Gold positive, as the FED/BIS will have far less influence diluting the prices of gold and silver with FX and derivative sales.
Maguire: What is flying under the radar and completely unreported, is that the Fed and the insider BB's know that the setting up of an internationally accessible gold conduit will assist China in facilitating this accelerated move towards internationalising the RMB/Yuan, and presents an unanticipated leap forward towards becoming a competing global reserve currency. In just a few short years, China has already cornered the global physical bullion market trade; the next step is competing with the LBMA for a large piece of the cash global gold trading market. The primary tool to facilitate such a radical move is the establishment of a major new conduit here in London to facilitate global access to a brand new Chinese international facing fully backed rolling spot OTC contract. It is no coincidence that the GBP/RMB swap deal was recently implemented. Hijacking a large portion of the global gold market trading will complement China 's dominance in the physical markets and shake up the current balance within the over 5 $Trillion FX markets. No one is talking about this, but it is the primary reason the BB's are moving net long in the futures markets while trying to consolidate the disingenuous process of dislodging as much ETF bullion out of the weak hands by continually talking the POG down in MSM appearances and client advisories. We are near the end of this process, as the bulk of the remaining ETF holdings are in strong hands. [more] This is the final straw to break the LBMA's hold on the gold and silver markets. Note this is not being talked about anywhere and will blind side technical sellers. On the other hand, the BB's are stealthily building long exposure to gold and silver.
The Jackass obtained a December 1st issue of the paid commentary from Andrew Maguire, through a Hat Trick Letter subscriber. In an effort not to violate his business, but instead to share his message, two important segments are presented from the MetalsTrades Commentary. In it, he discusses the imminent launch of a rolling spot gold contract by the Chinese to compete with COMEX/LBMA and the conversion of the big Bullion Banks. The tide has turned, the game is over, which must be played out. Many technical traders and believers in the NY/London gold related propaganda will be caught in a tremendous squeeze. The following two paragraphs are by Maguire, who is the consummate insider. He provides a glaring view of the future paths in both the Global Currency Reset and the Global Paradigm Shift. Some guidelines for the newer readers are given. BRIC = Brazil Russia India China, ECB = European Central Bank, RMB = renminbi (Chinese Yuan), BIS = Bank for Intl Settlements (primary global central bank), FX = foreign exchange currency market, BB = bullion bank, LBMA = London Bullion Market Assn, OTC = over the counter market, GBP = British Pound currency, ETF = exchange traded fund, POG = price of gold. MSM = mainstream news. Bolds and underscores are mine, not his.
Maguire: The uncertainties caused by the prospect of US default very recently triggered China 's official news agency talk for a de-Americanised world, urging the creation of a new international reserve currency. These statements followed several other warning shots recently fired at the USFed. It is a mistake to ignore such warnings as they are not hollow threats. China is increasingly in a position to take centre stage, having already established direct trade agreements with the BRIC's, Japan, Germany, Australia, Chile, and the UAE, and have recently moved to implement direct swap deals with the likes of the ECB and UK. The potential size of these aggregated agreements, are sufficient to loosen the US dollar's anchor. This is a big deal, as it enables very large volumes of international trade to be conducted directly in the RMB without having to convert transactions into the US dollar. One of the statements released from the recent policy meetings was the announcement China is moving to price oil futures in RMB. This piece of news alone news is being grossly under-estimated and all of the above agreements undermine the dollar and are extremely Gold positive, as the FED/BIS will have far less influence diluting the prices of gold and silver with FX and derivative sales.
Maguire: What is flying under the radar and completely unreported, is that the Fed and the insider BB's know that the setting up of an internationally accessible gold conduit will assist China in facilitating this accelerated move towards internationalising the RMB/Yuan, and presents an unanticipated leap forward towards becoming a competing global reserve currency. In just a few short years, China has already cornered the global physical bullion market trade; the next step is competing with the LBMA for a large piece of the cash global gold trading market. The primary tool to facilitate such a radical move is the establishment of a major new conduit here in London to facilitate global access to a brand new Chinese international facing fully backed rolling spot OTC contract. It is no coincidence that the GBP/RMB swap deal was recently implemented. Hijacking a large portion of the global gold market trading will complement China 's dominance in the physical markets and shake up the current balance within the over 5 $Trillion FX markets. No one is talking about this, but it is the primary reason the BB's are moving net long in the futures markets while trying to consolidate the disingenuous process of dislodging as much ETF bullion out of the weak hands by continually talking the POG down in MSM appearances and client advisories. We are near the end of this process, as the bulk of the remaining ETF holdings are in strong hands. [more] This is the final straw to break the LBMA's hold on the gold and silver markets. Note this is not being talked about anywhere and will blind side technical sellers. On the other hand, the BB's are stealthily building long exposure to gold and silver.