Card counters create 5 days of COMEX hell
In this week’s Live from the Vault, Andy Maguire exposes the Chinese and Indian deep-pocket traders who aggressively capitalise on the $1000-per-contract silver futures price divergence.
As the COMEX-driven backwardation reaches unprecedented extremes, the London wholesaler analyses the increasing potential for the freshly-emerged competitors to ignite the massive silver short squeeze.
Andrew Maguire
Host
Andrew Maguire has almost 50 years’ experience working in the precious metals industry as an independent Loco London metals trader and analyst, where he has provided Precious Metals Advisory and Trading services for international hedge fund managers, bullion banks, directors, metal traders and many of the largest global institutions.
Andrew has built strong relationships with US and UK regulatory bodies, having worked as an advisor for the Commodity Futures Trading Commission, (CFTC) and the Department of Justice, (DOJ). In the UK, Andrew is currently providing advisory services to the UK and the Financial Conduct Authority, (FCA).