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Gold and silver futures sold in commodity index rebalancing were bought and quickly converted to physical, Maguire tells LFTV
9:54p ET Friday, January 16, 2026
Dear Friend of GATA and Gold (and Silver):
London metals trader Andrew Maguire is back with the first 2026 episode of Kinesis Money's "Live from the Vault" program, noting that this week's much-feared commodity index rebalancing that sold billions of dollars of gold and silver futures failed to knock down prices as the futures were purchased for quick conversion to real metal.
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Maguire says the New York Commodities Exchange is now virtually irrelevant to gold and silver prices and offers his prediction for them this year.
The program is 41 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=agJ-a1_gmQA
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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