x
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.
01:25 What’s next for gold and silver short term?
07:36 Volatility explained! Dips will be bought.
12:20 EFP & ETFs explained
17:00 CME and LBMA scramble to buy extra time before Basel III
21:53 CME left red-faced
31:32 Breakdown of LBMA’s desperate lobby attempts
38:00 CME advisory confirms the LBMA ring-fencing attempts backfiring
43:42 Silverback raid rattles paper markets.
.png)
