Swiss refiner email reveals Basel III impact.
As the month draws to a close, Andrew Maguire assesses the gold and silver markets ahead of tomorrow’s Options Expiry and marks his price expectations for the precious metals by year’s end.
With January 2022 fast approaching, the precious metals expert details why the LBMA will feel the squeeze of Basel III months ahead of its official exposure to the ruling. Additionally, the long-time wholesaler reveals an email from a Swiss refiner that illustrates the evaporation of LBMA-controlled paper market liquidity.
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).
