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Sovereigns are exploiting Comex paper smashes to get real metal, Maguire tells KWN
9a ET Saturday, May 18, 2019
Dear Friend of GATA and Gold:
Sovereign buyers are using smashes on the New York Commodity Exchange's futures market to acquire gold and silver at a discount, London metals trader Andrew Maguire told King World News this week, adding that backwardation in silver has reached "unprecedented" levels. In spite of the sharply downward action in futures lately, Maguire says, metal supplies around the world remain tight and the Comex prices are not representative of world markets. Maguire's interview is 20 minutes long and can be heard at KWN here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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