HUGE NEWS! Gold & Silver Is Doing Something It Has Never Done Before - Andrew Maguire

HUGE NEWS! Gold & Silver Is Doing Something It Has Never Done Before - Andrew Maguire In recent discussions, Andrew Maguire, a notable figure in the precious metals sector, has been shedding light on several critical developments that have the potential to impact the gold and silver markets, as well as the broader global financial landscape. Andrew highlights a turning point in the silver market, occurring on last Tuesday with silver hitting dollars, mirroring patterns seen in gold trading and indicating a potential rally. This aligns with silver’s recent surge to a three-week high amid increased short covering and perceived bargain hunting. Andrew suggests that as silver’s upward momentum reverses, a rebound could drive it past 26 dollars, triggering buying from those covering their short bets and potentially pushing it into the 30 dollars. A recent % gain up to August 23rd indicates silver’s recovery from a month of losses and signals the end of prevailing bearishness, as noted by Nitesh Shah of WisdomTree. Shifting focus to the gold market, Andrew highlights the trend of central banks from several countries actively acquiring gold, contributing to a potential shortage. According to information from the World Gold Council, eight central banks, including Poland, China, Singapore, Russia, Iraq, India, the Czech Republic, and the Kyrgyz Republic, increased their gold purchases in May. This trend indicates a growing demand for the precious metal. Just before you watch the Andrew Maguire’s interview and learn more about market trends, consider subscribing to our channel and give this video a big thumbs up. Moreover, Andrew points out a disconnect between the paper gold market and the actual gold market, attributing this disjunction to the Federal Reserve’s involvement in trading paper gold that lacks physical backing. It’s noted that the Federal Reserve Bank of New York functions as a custodian for gold held by entities such as governments, central banks, and international organizations. This situation underscores the intricate dynamics between the paper and real gold markets, shaped by both market forces and institutional actions. “Welcome to our channel dedicated to gold and silver investing! In this video, we provide expert insights and analysis on the latest trends in the gold and silver market. Discover strategies for investing in precious metals, including gold and silver bullion, coins, and jewelry. Stay updated with real-time price updates and market news, and learn how to diversify your portfolio with gold and silver. Whether you’re a beginner or an experienced investor, our channel offers valuable tips and guidance to navigate the world of precious metals. Subscribe now for in-depth analysis, historical data, market forecasts, and more. Join our community of gold and silver enthusiasts and unlock the potential of these timeless assets. #GoldAndSilverInvesting #PreciousMetalsChannel #InvestingTips“ We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news. We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video! #gold #goldpriceprediction #andrewmaguire