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.



May 15, 2015 - 1:36pm

Best wishes ABX adventure

I hope the ABX open's in a few weeks.

Is the Comex, London LMBA the bullionbanks the BIS the Fed etc letting this happen?

People have bin hurt for less in the PM industrie.

For everyone involved I wish them all the best and hope they can pull this ABX adventure off.

May 15, 2015 - 1:48pm

Gold closes COMEX $1225.5

above 200 day wow big surprise and green for the day

May 15, 2015 - 1:57pm

Voting and bonds ...

Just rang up #450. Rock on Turd!

And speaking of BONDS, what the hell is going on? Just got back from a busy morning making some fiat and made my usual rounds, checking the status of PMs, equities, portfolio, weather forecast and bonds. Holy crapolini! Bonds have had quite a ride this week. Can't remember the 10 and 30 year making up/down moves like that in a long time. Things getting a bit unstable out there in bankerland? Just seems a bit odd and omenish. What say you Turdites?

wax off

May 15, 2015 - 1:57pm

Good podcast

Eric errrr I mean Turd ! lol Fast on getting it posted as well.

Wondering if Andrew started happy hour about 45 minutes ago.....

Dont forget to vote. I had to refresh the page to be able to vote again.

May 15, 2015 - 1:57pm

And also above the Fib lines

And also above the Fib lines and other points he mentioned

May 15, 2015 - 2:22pm



May 15, 2015 - 2:37pm


and rising

May 15, 2015 - 2:52pm

I Don't Know

I love Andrew Maguire but I am tired of hearing about the delays of the launch of the ABX ... He broke the news a couple months ago ... maybe more than that - of the imminent launch - like within 2 weeks ... and here we are months later and both he and Tom tell us the same thing - so, basically, what they are really saying is they weren't ready to launch it like they said bec all of these "really good reasons" have "come up" which will be much better for everyone in the long run if they delay the launch in the short term. But these guys are really smart and had thought of everything already ... supposedly ... so what the HELL is going on?

Well ... I DON'T KNOW ...



May 15, 2015 - 3:10pm

Sincere thanks to Andrew and Turd!

What an outstanding podcast! It was especially interesting to hear Andrew's perspective as a board member of the new exchange- I would love to hear what his "bullish information" is that he is not yet at liberty to mention. My guess is that the new exchange is proving out in terms of being able to bleed the Comex. Regardless, great information from a VERY well-placed perspective and a pleasure to listen to. Many thanks to Mr. AM for spending some of his valuable time with us at TFMR!

Turd, we here are very fortunate to have you bringing such A+ content. By far, the best 10 bucks a month on the interwebz. Go get a well-earned beer on a beautiful Friday!

May 15, 2015 - 3:29pm


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