This week, Andrew Maguire targets the crucial stairsteps for gold and silver amidst the current volatile mix of a strong dollar and rising bond yields and offers a marketwide update with Basel III fast approaching.
The precious metals expert breaks down the CME’s seemingly counterintuitive decision to reduce margins into a rising gold price and shares price expectations for gold and silver ahead of next week’s BIS options expiry.
Turning to the silver squeeze, the long-time wholesaler runs through the knock-on effect of Reddit-driven physical silver demand forcing discipline on the 500:1 leveraged paper markets.