Kinesis Money, Released on 4/3/26

In this week’s Live from the Vault, Andrew Maguire welcomes Andy Schectman of Miles Franklin to examine the widening gap between COMEX and physical metal flows, highlighting record deliveries and unprecedented sovereign accumulation. The two friends examine the erosion of trust in Western systems and the influence of key players, including China and central banks, quietly absorbing substantial quantities of gold and silver and altering the dynamics of the metals market.

00:57 Andy Schectman explaining market correction in gold and silver
04:26 Structural correction explained; margin hikes and ETF rebalancing
10:01 Massive physical deliveries and accumulation by China and banks
14:50 Trust in Western pricing erodes as metals leave the system
20:35 Instant gratification, global gold buying, and long-term strategies
24:53 Key players moving out of SLV/GLD, physical liquidity vanishing in the West
30:14 Physical delivery becoming critical, signals a potential turning point
36:40 Big money and central banks positioning, Fed trapped, market dynamics shifting
41:06 Fear and emotional impact on retail traders during price collapse
44:33 JP Morgan hedges silver amid structural market pressures
53:10 Physical possession dominates over paper; backwardation and market shift

Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Prior to starting Miles Franklin, Ltd. in 1989, Andrew became a Licensed Financial Planner, specializing in Swiss Franc Investments and alternative investments. At Miles Franklin Ltd., a company that has eclipsed $5 billion in sales, Andrew has developed an operation that maintains trust, collaboration, and ethical behavior, superior customer service and satisfaction to better serve their clients. He is responsible for overseeing the firm’s operations and business functions; including strategy and planning, account management, finance, and new business.

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, Andy Schectman, china, gold, silver