McEwen Mining Inc (MUX)

[JD400]

In this week’s Live from the Vault, Andrew Maguire highlights the possible implications of Russia’s plan to create its own international standard for the precious metals market by establishing a local LBMA-competing brand.

With global investors growing frustrated over the unnatural capping of the gold and silver prices, the London wholesaler provides further evidence of the COMEX’s broken pricing mechanism.

00:00 Start
01:25 Picking last episode’s threads
09:50 What’s going to happen in the silver market?
11:40 Russia is creating its own LBMA-competing brand!
24:42 Where is the short-term imbalance likely to play out?
35:10 About the new Russian gold and silver benchmark
43:15 Andrew’s predictions on the Russia-China alliance

added at 3.08 today $MUX