A Gold Market Update From Andrew Maguire


On Thursday, we finally had a chance to catch up again with Andrew Maguire. After making waves two weeks ago with his forecast of a pending "reset" in the price of gold, this podcast allowed Andy to go into greater detail regarding the condition of the physical versus paper markets and why he is so confident that a breakdown is inevitable and coming soon.

The podcast begins with Andy giving background information on how the wholesale, physical market operates and he provides an update on the current global supply/demand conditions:

  • "We're talking about rock-solid gold bullion in demand from central banks, sovereigns and institutionals which are looking to hedge risk."

Next, Andy describes the process of placing physical bids and relates it to the trading orders that often trail the paper price:

  • In periods of paper price weakness, we have the luxury to "just sit back and wait for the price to come to us" but there is still "competition to get physical orders filled."

Andy next discusses how the paper price was able to be raided once it extended above $1222, all the way to $1264 two weeks ago:

  • "The Banks knew that with the level of wholesale bids at $1222, anything above that level could be freely naked shorted".

To the idea of a pending price reset and paper market collapse, Andy states:

  • "The physical market is quickly sucking the liquidity out of the paper market."

Andy also discusses the paper silver market dynamics and addresses the questions of how and why the silver price is relatively unchanged over the past several decades:

  • "The lifeblood of paper market liquidity must be translated to the physical market, instead."

Much, much more is discussed here so I encourage you to carve out some time this weekend to give this podcast a thorough listen. I promise it will be time well spent.




Mar 13, 2017 - 4:33pm
Mar 12, 2017 - 7:23pm

Gary Savage Looking for Cycle Low

Gold Short cycle scenario
Sound Money Minnow
Mar 12, 2017 - 5:14pm

Reply to Safety Dan and the Sovereign Article

I had to laugh out loud for that article, for the sake of crying. That is the status of urban law enforcement. It is why I left at one day over 20 years. These municipalities are so in fear of vicarious liability that they:

Pay off frivolous law suits with no merit.

Refuse to chase down criminals in fear of what the perpetrator's action creates in the end. Only the police will be at fault when actually fighting crime, since they are expected to navigate circumstances beyond their control. The perp isn't expected to act rationally.

Refuse to act on founded suspicion, for fear of losing employment. Even if you don't lose your job you face internal affairs and a chain of command that has been selected by a progressive politician who only remains employed by kissing the ass of the elected Mayor in a one party system.

So just ask yourself whose fault this is? The cop who is expected to nurse feed a dysfunctional segment of society who has been wet nursed by the nanny state? Nope, the fault is at the hands of a group of power hungry oligarchs who have zero concern for the public concern, and can always escape to their gated community.

Why we have accepted this form of government is beyond my comprehension. Yet those who choose to permit this self imposed bondage with no accountability should look no further than themselves. The progressives, the racial grievance industry, and special interest are to blame. Law enforcement just rides the waves of go along to get along.

This stuff disgusts me. The greatest danger to a politician is law enforcement that refuses to be cow towed into absurd policies that protect criminals at the expense of the law abiding. Unfortunately the law enforcement selection process is doing their best in these inner cities to weed out those of character, in favor of those who are malleable sheep that can be goaded into a prostitute of the worst order.

Hope this makes sense to someone.


Mar 12, 2017 - 12:27pm

Buy Stops

I just listened for a second time. One thing I picked up on is that the last time A.M. purchased large quantities of gold, he used buy stops at $1172. That was after gold bottomed around $1130. I think most people are under the impression that the orders he always talks about are limit orders. I get the impression that he is using "trailing buy stop" orders. A trailing buy stop order means that the order gets triggered automatically when price rises by a certain dollar amount or a certain percentage. This is actually a very smart tactic for him to use. He basically sits back and lets the banks and speculators sell the market down as low as it will go, then when price starts to rise, he buys on the way back up.

Island Teal
Mar 11, 2017 - 7:57pm


read bout this site a few days ago.

Creepy how easy it is to trace out and locate members of a family for FREE.

A stalkers delight....


Mar 11, 2017 - 5:25pm

Pining - Thanks

For taking the time to 'splain what just what it was I was referring to up at the top. Couldna said it better!

Mar 11, 2017 - 2:10pm

My dog saved my friends life

My friend visiting me, lost his conscience, collapsed on the floor, became pale in a desperate need for oxygen....And nobody had any clue was was going on behind the door, except my little "gangster"...He went nuts. Somehow he knew it. ....911 call, oxygen, ambulance and rush to the ICU.

Four days later, after leaving hospital, my friend came back, gave our 'hero' a bag full of goodies....My wee doggie buried all of them in the snow the next day.

Those few minutes were more important that all my gold investing.

Mar 11, 2017 - 12:24pm

Just saying Keep an Open Mind

Today London metals trader Andrew Maguire warned King World News that the bullion banks are once again in danger of experiencing a historic default. Maguire also discusses what is happening in the physical market for gold as well as the ETFs.

Andrew Maguire: “Much like back in 2013, the bullion banks are now once again at risk of a default but in a totally different circumstance….

Back then sentiment was bullish. As we stand now sentiment has been carefully orchestrated into the tank, but really only in terms of gold priced in dollars. Gold in all other currencies is in a solid bull market — not just paper gold traded in the currency crosses, but more importantly there’s a bull market in the underpinning physical markets.

Let’s not forget that there is only one store of immediately deliverable physical bullion no matter which currency you denominate it in. And this time around there is no way the central banks or the six agent bullion banks that have gold accounts with the Bank of England can rob sufficient above ground ETF gold to hammer (the price of) gold down again, as they did in 2013.

The bulk of what remains in these ETFs is in strong hands but I only hope for ETF investors that their gold and silver is unencumbered and it won’t be caught up in this cash settlement that we’re expecting. Technically there is a published list of numbered bars that states that these bars exist, but we also know that there is a degree of double-ownership (rehypothecation).

We have some 400 tons of (the ETF) GLD currently sold short. And there is (also) 525 tons of SLV sold short. This bullion has a counterparty risks associated with it, especially as these same bullion banks that are the anchor to this loaned out metal are naked short themselves against large over-the-counter unallocated holdings.

So although current US-centric gold sentiment is in the tank, physical gold is once again priced at a level where there are very few willing sellers of real bullion and we have strong demand. This once again leaves the paper market accrued short interest mismatched to real physical demand.

Eric, the point I’m trying to make here is that the 2013 event (where gold and silver were smashed lower) will never happen again no matter how many bullion banks come out spinning outlandishly bearish targets. Far too much has changed and there are a lot of reasons why the paper tail will not be able to wag the physical dog much longer.

The key thing here is that the physical markets have moved continents and they are increasingly out of control of the (Western) bullion banks and central banks. These central banks don’t have sufficient metal to supply into the market to assist in a continued suppression of gold and silver.

The global physical hubs are (now) firmly set in Asia and no matter which way you cut it, with very strong physical demand and the lack of immediately deliverable above ground supply being made available to short or to lease this gold out at these low prices, the primary lever (tool of manipulation) that the bullion banks have enjoyed for so long is (now) being removed.”


APRIL 2015

Keep an open mind. I own gold and silver. I look at it as an insurance policy like for my home. I hope I never need to use it. Just for fun go read 2013 reports. Good luck.

Visit the FAQ page to learn how to track your last read comment, add images, embed videos, tweets, and animated gifs, and more.

Mar 10, 2017 - 11:21pm

Thanks Ned!

I have to say, that book cover of Turd and Blythe still makes me laugh every time, that's one of my very favorites. Mainly because the inspiration came out of nowhere, and the composition and colors and elements just fell together beautifully and effortlessly, like they were supposed to be together. I just got this wild-ass idea for it, and the best part was thinking of my buddy Turd logging on and seeing this thing that looks like a real ad, catching him totally off-guard, and Turd being all confused for a second, like "WTF? Me? Forbidden love? Breaking the comex, what the hell is this?" Gets me every time!

Mar 10, 2017 - 10:53pm


For those of you who are interested in the Miners here is a fantastic article !'

This was posted on another "Gold Vault" thread this morning by TF himself...


best 40 cents I've spent all day !!!!

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault


Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Forum Discussion

by canadapleasure, 2 hours 51 min ago
by scoremore, Jan 19, 2021 - 10:56pm
by murphy, Jan 19, 2021 - 10:29pm
by scoremore, Jan 19, 2021 - 10:16pm
by scoremore, Jan 19, 2021 - 10:11pm