Silverback raid rattles COMEX

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.