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Andrew Maguire: What’s next for gold and silver short term?

Kinesis Money, Released on 5/7/21

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.

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.

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.

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I would like to believe that the COMEX price is finally going to break out . . . but it seems that there is no limit to the price suppression, regardless of demand. We see this day after day, week after week, month, after month. All the commodities are way up, except for gold and silver. Every single time the prices attempt to break out, the naked shorts come in and relentlessly smash the price. I understand the idea that precious metals should be considered as a means to preserve wealth, but for those of us who have put most of our eggs in that basket, this has become a maddening process.