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Andrew Maguire: Gold Price Is Facing A Pending Reset - Craig Hemke (10/3/2017)

Andrew Maguire in white shirt standing in front of bi-colored curtains

March 10, 2017

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.

Listen here: http://www.tfmetalsreport.com/podcast/8208/gold-ma...

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About the Author

Our Ask The Expert interviewer Craig Hemke began his career in financial services in 1990 but retired in 2008 to focus on family and entrepreneurial opportunities.

Since 2010, he has been the editor and publisher of the TF Metals Report found at TFMetalsReport.com, an online community for precious metal investors.

*The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

Comments

Dr. & Mrs. Keith H. Kerr
March 11, 2017 at 10:00 PM
Thanks to both Craig & Andrew for an awesome discussion of the gold silver marketplace in all aspects. Yes you are like brothers - same blood, intelligence & passion for the truth & justice trading. 2017 is a pivotal yr & I feel Mar 15 is a key date for major turmoil & impending worsening of worldwide unpayable debt. We love only physical which provides security & peace of mind in preparing for the impending bloodbath. Good luck to all!