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.
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).
