Breakout Friday and today on high volume. Friday achieved the...

Breakout Friday and today on high volume.
Friday achieved the breakout from the long standing 80-90c range to 98c on 2 million t/o
Today (Monday) is also significant, breaking above $1 to $1.04 currently on what could be another 2 million volume day (700k in just the first hour trading).

This is not a spike but based on progress announced over the past 6 months since September but confirmed in the interim results last week. The company has met or exceeded all targets to plan which it was not doing under the previous CEO. The market has been reluctant until now to give much credit to this turnaround but seems this is now catch up time .....  

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New physical trading exchange in China has been set up, has been tested and is ready to go within weeks.

Biggest revolution in gold trading since 1980.

LBMA will not be able to stop it and it will in time destroy the power of a few big bullion banks in London to dictate gold prices to the market.

Andrew Maguire reveals he will be one of 50 brokers with access to this on-line, 23 hours/day, wholesale platform along with producers and all kinds of other interested parties.

More news will be coming out imminently.

This is a must listen interview.

http://kingworldnews.com/andrew-maguire-2-28-15/ (11 mins)

New Exchange Launch & Major News Regarding China

Andrew Maguire: “This (new exchange being launched) is something so enormous and pivotal in terms of the way the whole bullion banking system is going to be changing. This is a fantastically exciting development. But first, we got some really good news today confirm the competing Chinese fix that you and I have discussed on many occasions where we said that the Chinese were planning an official Beijing/Shanghai Gold Fix, with silver soon to follow. Today we got confirmation of this.

LBMA In Retreat

The timing of this announcement was surgical. The patient PBOC (People's Bank of China) wanted to establish their presence through the state-controlled banks in the LBMA Gold Fix. And the fact that the LBMA banks allowed the inclusion of the Chinese banks into the LBMA fixing process is 100 percent due to the fact that the LBMA is on its back foot, reacting to the fact that Shanghai is already the established global hub for physical gold.”

New Exchange A Game-Changer

Also, here is a small portion of what Maguire had to say about the launch of the new exchange — where he will have a seat: “Up to now the end-user hasn’t been able to directly access the wholesale market. As institutions, producers, refiners and other end-users all share the same platform and enjoy complete anonymity from the bullion banks, it removes the power from the bullion banks' concentrated hands. This is why it (the new exchange being launched is) a game-changer.

Gold And Silver Price Reset To Occur By Stealth!

The disruptive LBMA closed system will be breached. So even though the regulators have dragged their feet, in other words not acted on the direct evidence provided to them, in the end it’s the physical market that will break these banks and force them to cash-settle unallocated holders in size. As a result, the true price discovery reset will occur by stealth.”

Death Of The LBMA

The large Asian banks were fed up with having their orders front-run. So now they have complete anonymity. This is why I said it’s going to be the death knell for the current LBMA bullion bank system. It (the LBMA) is now scrambling to make changes, but it’s just too late.”

This is one of the most important interviews ever given by Maguire to KWN and it has now been released. You can listen to it by CLICKING HERE OR ON THE IMAGE BELOW. Maguire discusses the precise details of the launch of this new exchange, how China is maneuvering, and how the new exchange will radically alter price discovery for the gold and silver markets. He also discusses how it will change the game for producers, who have expressed anger about the bullion banks and their price suppression scheme. This interview is a must-listen for anyone invested in gold and silver.

http://kingworldnews.com/andrew-maguire-lbma-paper-ponzi-crushed-gold-silver-markets-change-forever/