By Craig Hemke

The dollar is sinking like a stone. Paper gold and silver are rallying and above their major moving averages. Physical metal demand continues to accelerate worldwide. What a perfect time to get an update from our friend, Andrew Maguire.

This was recorded Friday morning US time, between 11:00 and and 11:30 am EDT, so it's about as current as you can get. Over the course of this discussion, Andy addresses:

• the changes to the London Fix process
• unallocated London gold still affects price but the coming Allocated Bullion Exchange will have a significant impact
• how London is still able to settle physical trades and the news this morning that England showed a net export to Switzerland of nearly 100 metric tonnes for the month of March
• in the absence of published GOFO, how Andy computes tightness and/or backwardation in the gold market
• his current price targets and projected resistance levels

I think you'll find this podcast to be great fun and quite informative. Today's action in the metals and the dollar sets us up for a very interesting end of the month. This "interview" could not have come at a more opportune time.

To listen, just click here: http://www.tfmetalsreport.com/podcast/6848/talking-gold-andrew-maguire

TF

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 -- Published: Friday, 15 May 2015 | E-Mail  | Print  | Source: GoldSeek.com

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