In this week’s Live from the Vault, Andy Maguire takes another deep dive into the smoke and mirror world of COMEX, examining the uncanny resemblance of the current market structure to the 2008 financial crisis-triggered bullish setup.
The London wholesaler explains how the extremely supply-tight physical market draining COMEX liquidity to unsustainable levels can ultimately result in gold and silver arising as safe-haven assets.
Timestamps
00:00 Start.
01:15 Massive disconnection between the House and the speculators.
05:45 Comparing the current market with the 2008 situation.
14:00 Achilles’ heel of paper market liquidity.
22:45 Deeply counterintuitive footprints in the silver market.
28:45 Energy caps in Europe - how does it affect the physical market?
33:35 Can Silver break free of the paper chains?
37:55 Stale-dated COT reports as a tool to wrongfoot traders.
This publication is for informational purposes only and is not intended to be a solicitation, offering or recommendation of any security, commodity, derivative, investment management service or advisory service and is not commodity trading advice. This publication does not intend to provide investment, tax or legal advice on either a general or specific basis.
Recommended Content
Editors’ Picks
EUR/USD holds above 1.0600 as focus shifts to Powell speech
EUR/USD fluctuates in a narrow range above 1.0600 on Tuesday as the better-than-expected Economic Sentiment data from Germany helps the Euro hold its ground. Fed Chairman Powell will speak on the policy outlook later in the day.
GBP/USD stays near 1.2450 after UK employment data
GBP/USD gains traction and trades near 1.2450 after falling toward 1.2400 earlier in the day. The data from the UK showed that the ILO Unemployment Rate in February rose to 4.2% from 4%, limiting Pound Sterling's upside.
Gold retreats to $2,370 as US yields push higher
Gold stages a correction on Tuesday and fluctuates in negative territory near $2,370 following Monday's upsurge. The benchmark 10-year US Treasury bond yield continues to push higher above 4.6% and makes it difficult for XAU/USD to gain traction.
XRP struggles below $0.50 resistance as SEC vs. Ripple lawsuit likely to enter final pretrial conference
XRP is struggling with resistance at $0.50 as Ripple and the US Securities and Exchange Commission (SEC) are gearing up for the final pretrial conference on Tuesday at a New York court.
Canada CPI Preview: Inflation expected to accelerate in March, snapping two-month downtrend
The Canadian Consumer Price Index is seen gathering some upside traction in March. The BoC deems risks to the inflation outlook to be balanced. The Canadian Dollar navigates five-month lows against the US Dollar.