Maguire speaketh

3:28 am (Hawaii) Andrew Maguire is incredibly bullish on PMs, to no surprise, but also views the new gold exchange in China as a pivotal force.

See the interview at King World News here.

"We've got now a new fix. A new third gold and fix, each morning at 8 a.m. Beijing time, that will reflect real world pricing. Now it's going to be really interesting to see the effects of this thing, how it affects the London fixes and the HFT traded paper that often follows the London fix. We know when we get a quiet market, we often see a huge selloff. With Asia, we'll see a much more competitive world stage."

I know a lot of gold and silver bugs have already anticipated greatness for the PM bull market via China. But what if China's new metal market is a clone of Comex? After all, JP Morgan has its clammy paws in many things financial. Advisors. Models. Sheer currency. If that pans out to be true, then a third entity could exacerbate the current manipulative powers of the banksters. It could be at least 50% WORSE if the exchange in China is a puppet exchange.

I don't think it will be. If and when the China exchanges want to screw people, they certainly know how to do it without any help from US banksters. They'll just make sure the money stays on the mainland (of China).

Andrew Maguire: 'With Asia, we'll see a much more competitive world stage' (July 11)

Midnight cinema & library

Audio

King World News: Andrew Maguire interview (July 11)

Vlogs

BrotherJohnF: Phony debt limit (July 11)

silverfuturist: Andrew Maguire speaks - Chinese exchange, Comex (July 11)

george4title: It's all coming down now! (July 11)

george4vlogging: Life after the collapse (July 11)

Bob Flower: The Master Pattern (July 11)

zen5678: Those with Power: The Global Elites (July 11)

endlessmountain: The Silver Log - quick update (July 11)

VPChicago: Live below your means (July 11)

chessNwine: Market recap (July 11)

JakeGint: Silence is golden (July 11)

Reports & Blogs

Jim Rogers: 'We are going to default one way or the other' (July 11)

Le Fly: Market is heading lower (July 11)

Thursday night library & cinema

Video

(new) pdlumina: When economies collapse, it happens fast (July 7)

(new) chessNwine: Market recap (July 7)

(new) PBS: Economic crisis impacting baby boomers (July 7)

James Turk: Pierre Jovanovic on French monetary history (July 7)

Peter Schiff: Listener questions, interest rates (July 7)

Wafdawg: Are you potentially a financial WMD (July 7)

Bob Flower: Master Pattern (July 7)

endlessmountain: Silver log (July 7)

Michael Hudson: The foreclosure of public domain (July 7)

george4title: 'Living outside' in the suburbs (July 7)

H1INC: Why would you join the military? (July 7)

H1INC: Please invest with me (July 7)

Bob Chapman: Silver, gold have bottomed out (July 6)

Reports & Blogs

(new) SilverGoldSilver: Shorting LULU into jobs report (July 7)

(new) Jake Gint: He was right about XG (July 7)

(new) Le Fly: Leaning toward TLT in August (July 7)

(new) USA Today: Report: Apple's iPhone 5 dials in China Mobile (July 7)

(new) Apple Insider: New photo fuels rumors (July 7)

(new) Turd Ferguson: Paging Dr. C (July 7)

Wall Street Journal: JP Morgan settles muni bond rigging claims (July 7)

Turd Ferguson: Silver Outlook (July 7)

Beacon Equity: How China intends to take down the Comex (July 7)

John Embry: Maguire correct, gold and silver shorts will be destroyed (July 7)

Bloomberg: African Barrick shares hit as mining boom triggers tax grab (July 7)

Yahoo: Family fights govt over rare Double Eagle gold coins (July 7)

Bloomberg: Gold advances for third day (July 7)

Bloomberg: ETFs face UK serious fraud office review (July 5)

(new) Martin Armstrong: Is Paulson being eyed for the next panic trade? (July 4)

The Maguire Effect?

Here's the Maguire video again. See him at 1:25.

11:24 am (Hawaii) How much of gold and silver's run this week has to do with the re-emergence of Andrew Maguire? Seriously. Though the PMs were due for a bounce, Maguire's assertions cannot be ignored. He's even been interviewed on video, talking about China's new Pan Asia Gold Exchange. That has basically shut down all the naysayers who claimed there had never been an Andrew Maguire, that he was a fabrication, etc.

So maybe he isn't a catalyst. I tend to think he is, along with several other co-mingling factors. There is no way to talk about silver, gold and the CME/Comex mafia/JP Morgan/Fed without mentioning Maguire and his tribulations. It's the stuff movies are made of. Steve Buscemi as Andrew Maguire? We'll see how this year plays out as Comex's physical silver numbers continue to shrink. I don't think CME will ever go empty (on paper). They'll fudge and cheat like the bitches they are, and we'll never see ZERO silver on any report. Come on. They have the backing of Uncle Sam, people! But I do think physical gold and silver go higher. And higher. And higher. So will the price of commodities and goods. Mike Maloney says deflation followed by hyperinflation. Gold and silver will protect value. That's key, no matter how many traders prefer to ride NFLX to infinity. At some point, the market succumbs to dying fiat currency and it'll take too long to convert gains in NFLX to fiat, withdraw it and turn the fiat into gold and silver, with delivery. Especially if you're competing with millions of other traders at the same time.

I'm not at 1,000 or even 100 ounces of metal yet. But I'm getting there. Just an average guy trying to avoid the fate of most hard-working Americans because of a hooligan government overrun by banksters.

Wednesday midnight library & cinema

Sitar Library

9:18 pm (Hawaii) Another huge run for silver and gold, two days in a row following a three-day weekend. I didn't touch a thing, still mostly in cash with a bit of DGP and a growing stack of physical. Turd Ferguson warns against overexcitement, noting that the CME mafia often kneecaps the spot market 24 hours before jobs reports (due Friday).

This range between 33 and 39 can be unnerving if you have no plan. My plan is to ride it out with as much dry powder at my side as possible and load up gradually as the doldrums of summer cease. Patience is golden. If I've missed the boat, I've missed the boat. My favorite miners, XG and EXK, made huge gains again and topped my Metals list. It's not a lack of faith in their business models and potential. I am just another trader who is cautious about blatant manipulation by the CME mafia. I can wait. And wait.

Reports & Blogs

Gary North: Restoring liberty with three short laws (July 7 2011)

Andrew Maguire: This will destroy gold, silver shorts (July 6 2011)

Turd Ferguson: Putting the 'fraud' in fraudulent (July 6 2011)

Zero Hedge: Coming 'New World Order' revolution (July 6 2011)

Star-Advertiser: Mineral-rich ocean mud stirs environmental fears (July 6 2011)

James Turk: Commencement of QE3 to send Dollar into oblivion (July 5 2011)

Robert Wiegand: Gold to be confiscated at $2,000 (Feb 19 2011)

Video

Jim Comiskey: Daily market insights - metals (July 6 2011)

george4title: Charlie Veitch: U-turn on conspiracies and 9/11 (July 6 2011)

george4vlogging: The system is breaking down before our eyes (July 6 2011)

David Morgan: Striking a silver proof coin, Old Glory Mint (July 6 2011)

silverfuturist: Silver up! Marc Faber on kneecapping (July 6 2011)

endlessmountain: The silver log - market stages (July 6 2011)

James Turk: Claus Vogt interview (July 4 2011)

Roger Wiegand: Gold, silver confiscation interview (Feb 16 2011)

Weekend library & cinema (updated July 4)

Ephesus, Greece

Video

(new) morganslv: silver @ 34.17 (July 4 2011)

(new) Demcad: Yellowstone oil spill, banks forgive mortgage debt, breast cancer news (July 4 2011)

(new) george4title: Bank closures, Russian hyperinflation, TSA = Capitol control (July 3 2011)

(new) The Weekly Telegram: Epic fail by US media on 4th of July (July 4 2011)

(new) Anonymous: Class action lawsuit against Federal Reserve (June 28 2011)

(new) The Weekly Telegram: Too big to fail or too big to succeed? (July 2 2011)

(new) The Weekly Telegram: How not to get scammed from a bank run (June 26 2011)

(new) Corbett Report: Radiation coverups confirmed (July 3 2011)

• Los Alamos, Fort Calhoun, Fukushima, TSA

(new) SGTbull07: Silver Gurus: Paper to physical ratio of 2, 100, 500 to 1? (July 3 2011)

• Sprott, Martenson, Bix Weir

RT: Daily life in Fukushima: 'It was like visiting another universe' (July 3 2011)

MaxKeiserTV: Keiser speaks to lawyers in Athens (July 2 2011)

• Keiser: Greece should go on the offensive

Yahoo: North Dakota, spurred by energy, ag boom, has 3.2% unemployment (July 1 2011)

silverfuturist: Silver to shine in global, not national, currency crisis (July 1 2011)
morganslv: Silver @ 33.84 (July 1 2011)
george4title: Southern California to secede (July 1 2011)
Yahoo: 'No way' Ft. Calhoun turns into American Fukushima, nuclear expert says (July 1 2011)
Yahoo: Deep recession, financial chaose if debt ceiling isn't raised, Zandi says (July 1 2011)
• This guy also says Jamie Dimon would be 'fabulous' as Geithner's replacement. Fucking banksters.
Fox: Precious metals fall Friday (July 1 2011)
Bloomberg: Apple-backed group wins Nortel patents for $4.5 billion (July 1 2011)
Bloomberg: Pollack sees buying opportunity in Chinese stocks (July 1 2011)
Bloomberg: EU's Rehn is 'confident' of paying next Greek Tranche (July 1 2011)
Fox: Construction spending slips in May (July 1 2011)
Bloomberg: Rice says Zynga pressured by competition to speed IPO (July 1 2011)
Alex Jones: Million man march dares Obama, NATO to invade (July 1 2011)
CNBC: Food inflation bites your BBQ (July 1 2011)

CNBC: The Communist Party of China's road to power (July 1 2011)
CNBC: Getting to know Yingluck Shinawatra (July 1 2011)

visionvictory: Collapse of the annual summer recovery (July 1 2011)
paladex77: Government Debt and You (July 1 2011)
• An updated edition of 'Economic Armageddon and You'
Jim Rogers: Goldseek Radio (June 30 2011)
Yahoo: Obama & Wall St: Is the love affair really over? (June 30 2011)
Yahoo: Newest gov solution: Free money for struggling home owners (June 30 2011)

Larry Edelson: Don't expect too much right now (June 30 2011)
• Does he ever talk about the effect of QE?
NTD: China news (June 30 2011)
drutter: 17-month trading channel in silver remains intact - barely (June 30 2011)

Andrew Maguire: 'This exchange promises better price discovery, should dilute the effects of short-side concentration in gold, silver' (June 28 2011)

• Pan Asia Gold Exchange opens; see Maguire at 1:25

Wikileaks: Banking blockade (June 28 2011)

999SoundMoney: Every cloud has a silver lining (June 22 2011)

(new) Richard Gless: Talks about investing in gold and silver (June 19 2011)

Yahoo: Why the Starbucks CEO doesn't drink frappucinos (Mar 30 2011)

TheSurvivalSummary: The Toilet Paper Scam - Proof of Inflation (Jan 29 2011)

Reports & Blogs
(new) Bloomberg: Radioactive Cesium is found in Tokyo water (July 3 2011)

(new) Reuters: Huge rare earth deposits found in Pacific: Japan experts (July 4 2011)

(new) Zero Hedge: Banks commence wholesale, unsolicited mortgage-debt forgiveness (July 3 2011)

AP: Defiant Gadhafi threatens attacks in Europe (July 2 2011)

AP: Exxon oil spill in Montana river prompts evacuations (July 2 2011)

Ubergizmo: Gold-dispensing ATM installed at London's Westfield Shopping Center (July 1 2011)
Silver Shield: Deja vu in silver (July 1 2011)
Dan Norcini: Australian Reserve bank director issues sobering warning (July 1 2011)
Business Day: Global 'train wreck' coming (July 1 2011)
Turd Ferguson: The Doldrum Whipsaw (July 1 2011)
Zero Hedge: UM consumer confidence misses expectations (July 1 2011)
Zero Hedge: The Kubler-Ross model of terminal Keynesian unwind (July 1 2011)
SEC.gov: Zynga IPO registration statement (July 1 2011)
Ron Holland; Where will you go when the sovereign debt volcano blows (July 1 2011)
Chuck Butler: Greek parliament votes to 'implement' austerity measures (July 1 2011)
Morningstar: Why the Greek bailout won't work (June 30 2011)
Gary North: Just say no to school vouchers again (June 30 2011)
CBC.ca: Canada's 'housing bubble' deemed close to bursting (June 29 2011)
Jeffrey Lewis: Is the silver ETF bleeding to save the Comex? (June 29 2011)

Andrew Maguire lives (see 1:25)