Talking Gold with Andrew Maguire

by Turd Ferguson, TFMetals Report The dollar is sinking like a stone. Paper gold and silver are rallying and above their major moving averages. Physical metal demand continues to accelerate worldwide. What a perfect time to get an update from our friend, Andrew Maguire. This was recorded Friday morning US time, between 11:00 amd and 11:30 am EDT, so it’s about as current as you can get. Over the course of this discussion, Andy addresses:

  • the changes to the London Fix process
  • unallocated London gold still affects price but the coming Allocated Bullion Exchange will have a significant impact
  • how London is still able to settle physical trades and the news this morning that England showed a net export to Switzerland of nearly 100 metric tonnes for the month of March
  • in the absence of published GOFO, how Andy computes tightness and/or backwardation in the gold market
  • his current price targets and projected resistance levels

I think you’ll find this podcast to be great fun and quite informative. Today’s action in the metals and the dollar sets us up for a very interesting end of the month. This “interview” could not have come at a more opportune time. TF www.tfmetalsreport.com/freetrial AUDIO INTERVIEW HERE>>>

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