Analysis

China takes swing at LBMA [Video]

THIS ARTICLE HAS BEEN DEPRECATED DUE TO A PUBLICATION ERROR 

In this episode, Andrew Maguire explains the market forces behind the recent gold and silver rally and sheds light on the extremely bullish open interest structure of the latest COT report.

The precious metals expert explores the significance of China’s unprecedented move to open up gold imports and predicts the resulting impact on the LBMA and the price of gold.

With a rallying cry to the precious metals community, Andrew Maguire calls upon everyone to join the global movement and buy physical silver on May 1st - cranking up the pressure on the already-strained paper markets.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.