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Gold Price Manipulation Whistle-Blower Injured in Mysterious Hit-and-Run Accident

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posted on Apr, 6 2010 @ 11:15 AM
Andrew McGuire, an experienced precious metals trader in London, gave testimony to the CFTC hearing in March proving the gold price suppression scheme conspiracy. On numerous occasions, he was able to give the CFTC and SEC advanced warning of when the gold cartel would be knocking down the gold price. He gave specific details about how the manipulation took place and how the very same regulators that were supposed to prevent price manipulation are the very same people making it happen.

The day after proving the conspiracy in the CFTC hearing, he was seriously injured in a car accident as he was shopping with his wife. The driver fled the scene and remains at large.

On March 23, 2010, GATA Director Adrian Douglas was contacted by a whistleblower by the name of Andrew Maguire. Maguire is a metals trader in London. He has been told first-hand by traders working for JPMorganChase that JPMorganChase manipulates the precious metals markets, and they have bragged to how they make money doing so.

In November 2009 Maguire contacted the CFTC enforcement division to report this criminal activity. He described in detail the way JPMorgan Chase signals to the market its intention to take down the precious metals. Traders recognize these signals and make money shorting the metals alongside JPM. Maguire explained how there are routine market manipulations at the time of option expiry, non-farm payroll data releases, and COMEX contract rollover, as well as ad-hoc events.

On February 3 Maguire gave two days' warning by e-mail to Eliud Ramirez, a senior investigator for the CFTC's Enforcement Division, that the precious metals would be attacked upon the release of the non-farm payroll data on February 5. On February 5, as market events played out exactly as predicted, further e-mails were sent to Ramirez while the manipulation was in progress.


posted on Apr, 6 2010 @ 12:15 PM
this has already been posted
dont have time to look up the thread

posted on Apr, 26 2010 @ 03:41 PM
This paragraph jumped out at me

that approximately 50,000 tonnes of gold has been sold that does not exist in the vaults. Interestingly enough 50,000 tonnes is approximately equal to all the gold reserves left to be mined on the planet.
Adrian Douglas

Gold and silver keep governments honest

[edit on 26-4-2010 by seataka]


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