Comex nears gold and silver defaults, London trader Maguire says
Submitted by admin on Fri, 2024-03-08 13:50 Section: Daily Dispatches
1:51p ET Friday, March 8, 2024
Dear Friend of GATA and Gold (and Silver):
The New York Commodities Exchange is in danger of defaulting on its gold and silver contracts as demand for delivery of metal increasingly is directed there, London metals trader Andrew Maguire tells this week's "Live from the Vault" program from Kinesis Money.
Short futures positions in the metals, Maguire says, are being destroyed by their excessive leverage amid central bank demand for gold and the realization that silver is grossly underpriced compared to gold.
The interview is 49 minutes long and can be viewed at YouTube here:
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