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 9/26

9/26 8:30 ET Chicago Fed
9/27 6:15 ET Goon Evans
9/27 7:30 ET Chief Goon Powell
9/27 8:30 ET Durable Goods
9/27 10:00 ET Goon Bullard
9/27 10:00 ET Consumer Confidence
9/28 8:30 ET Goon Bostic
9/28 2:00 ET Goon Evans
9/29 8:30 ET Q2 GDP final guess
9/30 8:30 ET PCE
9/30 8:30 ET Personal Inc and Spend
9/30 9:00 ET Goon Brainard
9/30 9:45 ET Chicago PMI
9/30 10:00 ET UMich Inflation Exp.
9/30 12:30 ET Goon Barkin

Forum Discussion

by Wade Case, Sep 28, 2022 - 9:01pm
by Mendelson, Sep 28, 2022 - 7:12pm
by GuerrillaCapitalist, Sep 28, 2022 - 2:05pm
by argentus maximus, Sep 27, 2022 - 8:53am