Talking Gold with Andrew Maguire

58

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

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Key Economic Events Week of 2/3

2/3 9:45 ET S&P Manu PMI
2/3 10:00 ET ISM Manu PMI
2/3 10:00 ET Construction Spending
2/3 11:00 ET Goon Collins
2/3 12:00 ET Goon Bostic
2/4 10:00 ET JOLTS
2/4 10:00 ET Factory Orders
2/4 11:00 ET Goon Bostic again
2/4 2:00 ET Goon Daly
2/5 8:15 ET ADP jobs report
2/5 9:00 ET Goon Barkin
2/5 9:45 ET S&P Services PMI
2/5 10:00 ET ISM Services PMI
2/5 1:00 ET Goon Ghoulsbee
2/5 3:00 ET Goon Bowman
2/6 8:30 ET Jobless claims
2/6 2:30 ET Goon Waller
2/7 8:30 ET BLSBS
2/7 9:30 ET Goon Bowman again
2/7 10:00 ET Wholesale Inventories
2/7 10:00 ET Prelim Feb UMich

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