On the heels of a plunge in the price of gold and silver, today London metals trader Andrew Maguire spoke with King World News about the takedown in gold and silver, and he told KWN the “Vampire Squid” is very busy in the gold market. He also spoke about what is taking place in the gold market today and why. Below is the first in a series of powerful interviews with Maguire that will be released today.
Maguire: “People make the mistake of focusing on these tiny moves, and the chop within a range, when they should really stand back as ask, ‘Where are we? Who is in this market, and why?’ (This is) especially true on a day like today….