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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (91664)	8/5/2020 7:55:51 PM
From: Goose94	Read Replies (1) \| Respond to of 203432

Gold: Investment bank and "vampire squid" Goldman Sachs has broken with the cabal of gold price-suppressing investment banks and central banks and is maneuvering with other central banks so that physical demand for the monetary metals overwhelms the derivatives that have been holding them down. That's what London metals trader and Kinesis Money founder Andrew Maguire tells Chris Marcus of Arcadia Economics in the first of a two-part interview this week. Maguire says his firm cannot obtain prompt delivery for thousand-ounce silver bars "in size" in Europe and instead must pay cash in advance for deliveries not scheduled until January or later next year. As the physical market overruns the paper market, Maguire says, governments will be forced to revalue the monetary metals, and the Bank of England and UK Treasury are preparing for such a revaluation. Maguire says his firm's recent purchase of silver bars through JPMorganChase was accompanied by a bar list in which no serial numbers matched those of the bars delivered. Whereupon interviewer Marcus pointedly exclaims: "These guys are custodians of SLV" -- the big silver exchange-traded fund. Given JPMorganChase's long record of financial misconduct, it's not hard to imagine SLV's purported silver inventory being used for purposes contrary to the interests of the fund's investors. Part 1 of the Arcadia Economics interview with Maguire is a half-hour long and can be viewed at YouTube here: Chris Powell, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATAorg