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A Gold Market Update From Andrew Maguire

by Turd Ferguson, TF Metals Report:

On Thursday, we finally had a chance to catch up again with Andrew Maguire. After making waves two weeks ago with his forecast of a pending “reset” in the price of gold, this podcast allowed Andy to go into greater detail regarding the condition of the physical versus paper markets and why he is so confident that a breakdown is inevitable and coming soon.

The podcast begins with Andy giving background information on how the wholesale, physical market operates and he provides an update on the current global supply/demand conditions:

“We’re talking about rock-solid gold bullion in demand from central banks, sovereigns and institutionals which are looking to hedge risk.”

Click HERE to Listen

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