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The Pricing System Is Broken - A Thursday Conversation with Andrew Maguire


As we watch today some of the worst and most blatant gold price manipulation in recent memory, what a great time to get some perspective from our old friend, Andrew Maguire.

So what the heck is happening today? Why is price being smashed on COMEX and what is being accomplished? Andy explains the significance of the month-end PM Fix for the Banks and the BIS.

But also, what the heck happened back on March 24? Why did the OTC/spot market break? What are the long-term consequences and, more importantly, what happens next? For that, be sure to listen to the final ten minutes of this discussion.

Many thanks to Andy for so freely giving of his time today. Please be sure to give this podcast a thorough listen. Knowing that the Digital Derivative and Fractional Reserve Pricing Scheme is on its last legs may give you some comfort after having to endure again today the same old overt price manipulation tactics.



Apr 30, 2020 - 7:10pm

Jim Willie interview from Feb 27th - Relevant to this topic

Just revisited this interview of the "Golden Jackass" from Feb 27th on Chris Marcus' Arcadia Economics YT channel. I heard Andy mention China being involved in the London gold vaults and it sparked my memory. Searched through YT and found this interview where Jim mentions China trying to take out the COMEX. My big question is... What are the white hats in the US going to do about it?

Jim WIllie: China To Go After COMEX Gold and Silver
WizdumStuds Egon
Apr 30, 2020 - 7:10pm


i think some sites were ...bought and have slowly changed their leanings.. drudge is definitley not conservative anymore and sero hedge has had less neg and more positive on govt

Apr 30, 2020 - 7:06pm

Just woke up Aus time

Watching the carnage on my screen made me realise I should have sold my JNUG positions before I went to sleep. Shit out of luck again!

Well that's a new one to me...BIS options expiry? Wouldn't thought that made any difference. Just have to add that to my 'days in the month they can screw you over' list.

By the way Craig, not much flying out of Perth airport at the moment. It's down to a trickle so if they want any gold from here they're gunna have to get in line for a month or 2.

Apr 30, 2020 - 6:52pm

Makes your skin crawl...

Danielle DiMartino Booth: "Recession Coming? The Fed’s Endgame" (Hedgeye Investing Summit)
Apr 30, 2020 - 6:33pm

Studs Egon

Did you really get banned? If so, I'm very disappointed in ZH...they tolerate the most vile hatred of Jews, and yet ban you?

Angry ChefStuds Egon
Apr 30, 2020 - 6:27pm


... I noticed a number of sites since late December started to go more mainstream. They started in the Fall with youtube accounts and Twitter accounts and Zerohedge is just another on a long list. The truth is no longer acceptable in the Western World any longer. You have to tow the Party line Comrade or you end up like Breitbart or Seth Rich. Don't expect anything to change Comrade. Except for the worse.

Which one of the Rockefeller's said..." Maybe we shouldn't have invented the internet " ?

Apr 30, 2020 - 5:52pm

Trying hard

GDX is at exactly $32.00 now 5:51 PM in after-hours trading.

Apr 30, 2020 - 5:38pm

Gold $2200 to $2500 and COMEX dead

I hope and pray that Andrew is right but will JPMorgan and the bullion banks go along with this plan?

Apr 30, 2020 - 5:12pm

CME credit line

wow, one of these f...ers probably was awfully close to the edge of the cliff a few weeks ago. Biggest concerns are probably gone now for the time being, but CME apparently wants to be ready, when TSHTF again.

Apr 30, 2020 - 4:54pm

Someday this will be US

And days like today will be forgotten.

Colombia: Venezuelans make handbags out of worthless banknotes

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6/22 8:30 ET Chicago Fed
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Key Economic Events Week of 6/8

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Key Economic Events Week of 5/25

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Key Economic Events Week of 5/18

5/18 2:00 ET Goon Bostic speech
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Key Economic Events Week of 5/11

5/11 12:00 ET Goon Bostic speech
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Key Economic Events Week of 5/4

5/4 10:00 ET Factory Orders
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Key Economic Events Week of 4/27

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