Russia and China Capitalise on Basel III Gold Window
In this week’s Live from the Vault, Andrew Maguire explains why he believes gold is coiled to breakthrough crucial resistance and silver is extremely structurally bullish. With Options Expiry price-capping playing out exactly as predicted, the precious metals expert reveals that Russia and China are seizing the opportunity to grow their already substantial physical gold reserves.
Shifting to the COMEX, Andrew Maguire crunches the numbers on the tonnes of gold and silver demanded for delivery into the illiquid October contract.
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).