Gold premiums in Moscow and Shanghai will bust Comex, Maguire says
11:45p ET Saturday, October 7, 2023
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program this week has London metals trader Andrew Maguire asserting that substantial premiums for gold in the Moscow and Shanghai markets continue to draw bullion out of the West, where the gold price is suppressed by official policy, and eventually will bust the New York Commodities Exchange's gold futures business. Maguire adds that speculators now are the big shorts in gold futures and that all major bullion banks have gone long.
The program is 38 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
News 
Market Data 
Discover 
AI
