- Kinesis Money
In this episode, Andrew Maguire explains the market forces behind the recent gold and silver rally and sheds light on the extremely bullish open interest structure of the latest COT report. The precious metals expert explores the significance of China’s move to open up gold imports and the huge implications for the LBMA and the price of gold. With a rallying cry to the precious metals community, Andrew Maguire calls upon everyone to join the global movement and buy physical silver on May 1st – cranking up the pressure on the already-strained paper markets.
01:15 Basell III looms
06:49 Official exit short positions into rally
10:17 CTO report and unallocated position squaring = bullish
15:00 What’s behind the gold and silver rally?
18:19 Bullish footprints short term and long term
21:04 Major drivers for gold this year
29:11 China makes power play again LBMA – is the price containment game up?
36:43 Silver stackers unite! Join the silver raid – May 1st