Silver Squeeze: How Big Banks Are Covering Shorts in China — Andy Schectman

Soar Financially, Released on 6/11/24

Andy Schectman of Miles Franklin returns to Soar Financially to discuss the latest developments in the gold and silver markets. What is the connection between the big banks and the Chinese silver market? What are the new rules in precious metals trading? The markets are changing quickly, stay up to date!

00:00 – Introduction
00:48 – Opening Remarks
02:34 – Discussion on Monetary and Fiscal Policy
05:00 – Federal Reserve and Rate Cuts
09:08 – Global Economic Indicators
11:00 – Central Banks and Gold Accumulation
14:06 – Geopolitical Tensions
17:00 – The Role of BRICs Nations
21:30 – Big Banks Covering Their Silver Shorts in China: Gold Market Dynamics
29:00 – Big Banks Covering Their Silver Shorts in China: Silver Market Analysis
33:14 – Big Banks Covering Their Silver Shorts in China: Supply and Demand Fundamentals of Silver
38:00 – Conspiracy Theories and Market Realities
43:23 – Closing Remarks
46:00 – Contact Information and Final Thoughts

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.

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