Andrew Maguire: Precious Metals Manipulation Endgame
- Andrew Maguire: Precious Metals Manipulation Endgame
by Turd Ferguson, http://www.tfmetalsreport.com/
The dollar is sinking like a stone. Paper gold and silver are rallying and above their major moving averages. Physical metal demand continues to accelerate worldwide. What a perfect time to get an update from our friend, Andrew Maguire.
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This was recorded Friday morning US time, between 11:00 amd and 11:30 am EDT, so it’s about as current as you can get. Over the course of this discussion, Andy addresses:
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* the changes to the London Fix process
* unallocated London gold still affects price but the coming Allocated Bullion Exchange will have a significant impact
* how London is still able to settle physical trades and the news this morning that England showed a net export to Switzerland of nearly 100 metric tonnes for the month of March
* in the absence of published GOFO, how Andy computes tightness and/or backwardation in the gold market
* his current price targets and projected resistance levels
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I think you’ll find this podcast to be great fun and quite informative. Today’s action in the metals and the dollar sets us up for a very interesting end of the month. This “interview” could not have come at a more opportune time.
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