Andrew
Maguire,
of
Andrew
Maguire
Gold
Trading
a
40
year
gold
market
veteran
and
whistleblower,
returns
with
startling
news
on
the
precious
metals.
Our
guest
examines
the
minutiae
of
the
markets
noting
that
decades
of
manipulation
has
broken
the
gold
/
silver
paper
markets.
As
a
result,
the
physical
market
is
reasserting
dominance
over
paper
promises.
Analysis
of
the
options
markets
suggests
that
the
6
major
bullion
banks
via
the
BOE
are
locked
into
losing
short-sale
positions.
Key
Point:
options
analysis
indicates
a
gold
fair
value
of
$1,400
given
the
92/1
paper
to
bullion
dilution.
Within
3-6
months,
a
short-covering
squeeze
could
launch
the
markets
into
orbit,
culminating
with
$2,000+
gold.
Even
if
the
US
dollar
continues
to
rebound
from
oversold
conditions,
the
PMs
will
likely
rally
along
with
the
Greenback
as
price
equilibrium
is
reestablished.
The
manipulators
cannot
expect
another
rescue
from
culpable
policymakers
by
another
coordinated
sale
of
400
tons
of
gold
by
the
BOE.
A
COMEX
default
is
inevitable,
which
will
launch
the
metals
into
the
stratosphere.
Our
guest
warns
gold
/
silver
shorts:
beware,
an
inevitable
force
majeure
on
the
COMEX
will
culminate
in
catastrophic
losses.
John
Embry,
Chief
Investment
Strategist
at
Sprott
Asset
Management,
returns
to
the
program
with
his
thoughts
on
the
precious
metals
sector.
The
duo
caution
investors
from
parking
too
many
investment
portfolio
eggs
in
paper
assets,
stocks
/
bonds
given
the
abrupt
rout
in
the
Shanghai
index
Conversely,
the
pullback
in
the
precious
metals
sector
is
presenting
a
golden
opportunity
to
procure
value
via
dollar
cost
averaging.
Given
the
current
mega-discounted
prices,
gold
and
silver
producers
are
trading
at
a
fraction
of
the
price
of
their
underlying
metals.
Our
guest
notes
the
Greek
nation
is
bankrupt,
but
EU
economic
ministers
are
constrained
from
stringent
practices,
because
an
exit
could
damage
credibility,
sending
the
dominos
falling
among
other
debt
laden
peripheral
members.
The
guest
and
host
concur
that
the
onus
of
responsibility
for
debt
repayment
falls
squarely
on
the
shoulders
of
the
lender.
Nevertheless,
the
easy
money
carrot
is
still
dangling,
as
the
potential
profits
are
too
enticing
for
some
to
resist.
A
mini-case
study
of
Greece
vs.
Iceland
involves
the
2008
credit
crisis.
Iceland
emerged
in
far
better
economic
shape.
By
managing
lenders
and
focusing
on
the
rights
of
individuals,
unemployment
and
GDP,
economic
order
quickly
revived,
relative
to
Greece,
where
officials
chose
to
ignore
the
Icelandic
success
story
(Figures
1.1.
-
1.3.).
The
Icelandic
tale
resembles
a
modern
economic
version
of
David
vs.
Goliath.
Right
click
above
&
"Save
Target
As..."
to
download.
To
learn
more
about
software
needed
to
play
the
above
formats,
please
visit
the
FAQ.
Guest
Biographies
John
Embry
Sprott
Asset
Management
LP
John
Embry
joined
SAM
as
Chief
Investment
Strategist
in
March
2003,
with
a
focus
on
the
Sprott
Gold
and
Precious
Minerals
Fund.
He
plays
an
instrumental
role
in
the
corporate
and
investment
policy
of
the
firm.
Mr.
Embry,
an
industry
expert
in
precious
metals,
has
researched
the
gold
sector
for
over
thirty
years
and
has
accumulated
industry
experience
as
a
portfolio
management
specialist
since
1963.
After
graduating
from
the
University
of
Manitoba
with
a
Bachelor
of
Commerce
degree,
John
Embry
began
his
investment
career
as
a
stock
selection
analyst
and
Portfolio
Manager
at
Great
West
Life.
He
then
became
Vice
President
of
Pension
Investments
for
the
entire
firm.
After
23
years
with
the
company,
John
became
partner
with
United
Bond
and
Share,
the
investment
counseling
firm
acquired
by
Royal
Bank
in
1987.
John
was
named
Vice-President,
Equities
and
Portfolio
Manager
at
RBC
Global
Investment
Management,
a
$33
billion
organization
where
he
oversaw
$5
billion
in
assets,
including
the
flagship
$2.9
billion
Royal
Canadian
Equity
Fund
and
the
$250
million
Royal
Precious
Metals
Fund,
the
#1
ranked
fund
across
the
country
for
its
2002
net
performance
of
153%.
For
more
information
about
Sprott's
award-winning
investment
professionals
and
their
market
insights,
please
visit
us
at
www.sprott.com
or
contact
us
at
invest@sprott.com.
Andrew
Maguire
Gold
Trading,
is
a
trading
name
of
Goldstar
Global
Ltd.
Andrew
Maguire
Gold
Trading
is
a
service
formed
with
the
explicit
purpose
of
the
education
of
precious
metals
traders.
Goldstar
Global
Ltd
is
a
wholesale
bullion
trading
company
providing
the
most
advanced
solution
for
the
trading
and
storing
of
precious
metals.Andrew
Maguire,
Independent
London
Metals
Trader
and
Analyst,
internationally
renowned
for
his
unique
ability
to
read
the
precious
metals
market
with
his
specialist
knowledge
and
experience
gained
over
35
years
trading
in
financial
and
commodity
markets
is
the
expert
in
these
highly
complex
and
competitive
fields.
Andrew
directly
oversees
all
of
Goldstar
Global
services.
