In the aftermath of a brutal takedown in the gold and silver markets, today whistleblower and London metals trader Andrew Maguire told King World News that the paper gold market traded a jaw-dropping 6,800 tonnes of gold in just one day.  (Harvey:  the world produces 2,200 tonnes per year. Thus this was 3 yrs supply of gold in one day)

Andrew Maguire:  “Just to illustrate how ludicrous the paper markets have become, during the U.S. election day daily session the total swap of Comex Open Interest constituted a staggering 2,268 tonnes (of paper gold)! This volume does not include the unallocated paper-centric over-the-counter markets, where volume exceeded the Comex by a factor of (more than) 2 times…