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Are GLD And SLV Just Illusions?

Derek Wolfe

Updated: October 27, 2022

gold market week
Editor’s Note:

EDITOR'S NOTE: The video you’re about to watch features precious metals expert And Maguire exposing sinister irregularities in the COMEX silver market. The relationship between COMEX and the physical metals market has been long considered a “smoke and mirrors” liminal space of deep financial deception. The current market structure now has an uncanny resemblance to 2008—specifically, the conditions that triggered silver’s two-year bull and 240% rise. In today’s gold and silver markets, we’re seeing extremely tight physical supply amid unprecedented demand in "paper" (GLD and SLV)—an imbalance severe enough to drain the COMEX markets of its liquidity to levels that are functionally unsustainable. Will this trigger a multi-year boom in silver and gold, similar to what we saw in 2008? Watch the video to see what Mr. Maguire has to say about it.

GLD and SLV are 'illusions' as metal drains away, Maguire says

Submitted by admin on Sat, 2022-10-22 19:31 Section: Daily Dispatches

7:31p ET Saturday, October 22, 2022

Dear Friend of GATA and Gold:

In this week's episode of Kinesis Money's "Live from the Vault" program, London metals trader Andrew Maguire calls the exchange-traded gold and silver funds GLD and SLV "purely illusions." 

The gap between futures prices and prices of real metal has become so extreme, Maguire says, that little real metal is available at the futures price and the New York Commodities Exchange is quickly being drained of real metal.

The "Live from the Vault" episode is 44 minutes long and can be viewed at YouTube here:

Source: YouTube via Kinesis Money

Originally published on YouTube via Kinesis Money.

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