Andrew Maguire: The Day The Silver Market Broke
Kinesis Money, Released on 7/15/22
In this week's Live from the Vault, Andrew Maguire inspects the fractures on COMEX's price-setting mechanism, revealing the gaping divergence between the paper and physical silver markets. The lifelong wholesaler looks closer at the unprecedented degree of gold and silver futures price backwardation, with the heavily oversold naked shorts bubble ready to burst.
00:00 Start02:35 Andrew is recapping the past two weeks in gold and silver08:45 EFP backfire in the making15:40 The large Indian gold market smuggling17:05 COMEX evidencing tonnes of gold outflows22:25 Silver market-hedging mechanism broken34:50 Andrew, where do you see the prices of gold and silver moving to?43:55 If the COMEX is broken - what's next?
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.
Andrew Maguire: The Day The Silver Market Broke added by Herman James on 07/14/2022View all posts by Herman James ?+'