01:25?EUR< What's next for gold and silver short term?07:36?EUR< Volatility explained! Dips will be bought.12:20?EUR< EFP & ETFs explained17:00?EUR< CME and LBMA scramble to buy extra time before Basel III21:53?EUR< CME left red-faced31:32?EUR< Breakdown of LBMA's desperate lobby attempts38:00?EUR< CME advisory confirms the LBMA ring-fencing attempts backfiring43:42?EUR< Silverback raid rattles paper markets.
In this week's Live from the Vault, Andrew Maguire offers a short-term outlook for gold and silver, and explains this week's long-awaited positive price movement in the precious metals markets. The long-time wholesaler breaks down the LBMA's latest, desperate attempt to lobby for an exemption from Basel III. As implementation day fast approaches, Andrew Maguire reports on collusion between the LMBA and CME, in a bid to buy time to unwind massive interconnected unallocated positions. A week on from the silver raid, the precious metals expert sends out his appreciation to the legions of silver stackers worldwide, who bought up as much as physical silver as they could afford on May 1st.
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.