Kinesis Money, Released on 11/29/24

In this week’s Live from the Vault, Andrew Maguire examines the recent gold retracement rally, driven by physical demand reclaiming control from speculative momentum traders, and delves into the central banks’ quiet revaluation process. Andrew also highlights China’s strategic gold acquisitions and the PBOC’s game-changing efforts to bolster the yuan with gold-backed reserves, while Basel III pressures heighten risks of a COMEX default amid soaring delivery demands.

00:00 Start
01:40 Andrew discusses the recent gold retracement rally
06:50 Gold chart: Andrew’s analysis of recent price action
16:45 Gold chart: Short-term market outlook
20:20 Andrew on China’s gold purchases and PBOC efforts
32:45 Could a Sino-Russian currency revalue global gold reserves?

Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally.

  andrew maguire, china, gold