Talking Gold with Andrew Maguire


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.



Sound Money Minnowlakedweller2
May 18, 2015 - 12:19pm

lakedweller2 reply

I couldn't agree more sir. You ask the same questions I do. I know law enforcement, and the military, isn't perfect, but devoid of principled leadership we are a mess. SMM

May 17, 2015 - 11:39pm

Where's the DEA?

Where's the DEA?

Lucy Sadie
May 17, 2015 - 11:36pm


Thank you Dan!

Safety Dan
May 17, 2015 - 1:43pm

(No subject)

  Image cannot be displayed

May 17, 2015 - 1:22pm


The leadership of the country and the military reflect the decline of leadership at the highest levels. The decay of US institutions begins in the White House/Congress/Supreme Court and trickles down. It is one of the few areas where the "trickle down" theory affects everything below.

Our military volunteers join for a greater purpose than greed or power. But when they see the lack of purpose in what they are required to do by our civilian leadership, without the opposition of military leadership...along with the unnecessary death, destruction, human rights violations and theft and gets difficult. Thus PTSD, unemployment, suicides, depression, substance abuse, etc.

Granted military leadership is not to publicly confront civilian leadership while on active duty...but where are the loud voices among the retired or fired. Granted again, the media is controlled by the same ones who buy the government, but....

where are the voices?

Sound Money Minnow
May 17, 2015 - 11:28am

Arch thank your son for me

I totally understand the comments above. I followed my Dad, who was a WW2 Veteran of the US Navy. I never once regretted my service, even when Jimmy Carter was the POTUS. It is a different time now. As we label the warriors of this country the enemy, if by nothing more than how we treat them when they return, I can not ask my son to step up to be canon fodder for the neo cons. The empty words of this President mean nothing, whether at the Law Enforcement Memorial or a commemoration of our war veterans. I judge his actions, not his words. Obama is an enemy to most everything good in this country. That being said my nephew is going off to the Air Force in July. He worked hard towards being accepted, and will have my gratitude and prayers of thanksgiving.

I pray we have a change of leadership in this country, and also the leadership in the military. We have too many sell outs in high places for personal gain in the upper echelons of the military and urban law enforcement. It makes me extremely sad to say that our leadership can't be trusted to act in the best interest of the common good American citizen, and the world as a whole. Wow...I never thought i would say something like that. I sometimes feel I should be flying the flag upside down, as we are a nation in distress because we are devoid of principled leadership and character.

Rant off.

May 17, 2015 - 8:17am

just a gentle reminder...

This rather salient point from Mr. Goodman's article:

"Signeurage is the revenue arising out of creating money. This is because it costs nearly nothing to print paper money, and even less to "print" its electronic version. Yet, this money can be used to buy real things, like oil, houses, cars, plant and equipment. As the printer of the world's reserve paper currency, the USA receives a huge signeurage payment every year. The dollars are printed, used to pay for stuff purchased from foreign lands, and then stored overseas in various places, including central bank vaults, and the mattresses of Russian babushkas.

"Every nation and person buying dollars and/or dollar denominated bonds gets to pay, in part, for America's social programs, newest aircraft carriers, stealth fighter jets, drones etc.. Worldwide financial instability since 2008 resulted in the absorption of about $3 trillion dollars newly printed by the Federal Reserve, for one example. The US government has had the benefit of the equivalent of hundreds of billion dollars every year. It will be hard, maybe impossible, to replace that income."

James Crightonlakedweller2
May 17, 2015 - 2:16am

@lakedweller2 - Govt / CIA / Media

America has been hijacked by the government, the CIA and the media - and you know who owns those entities.

Know your enemy and act accordingly.


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May 17, 2015 - 2:13am

Turd you're all time!!!!  I

Turd you're all time!!!! I feel like a du

mb ass all the time trying to rationalize these crazy manipulative price swings. But with your help I'm feeling same once again.

May 16, 2015 - 7:58pm

Pre-Emptive Strikes....

tortue and out of country prison camps not subject to the Constitution. Who did these things to the military? That is the source.

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