Disconnect between metal futures and physical is excessive — Maguire
Silver market trader and whistleblower Andrew Maguire told King World News the disconnect between gold and silver futures markets and the physical markets has reached an extreme rarely seen before.
"There is zero relationship between the fundamentals and the current status of the entire US-centric wash-and-rinse cycle, which we are seeing right now in the paper market. We are seeing very large physical buying, and it’s based on that discounted fix we discussed,” Maguire said.
He added that the defeat we are seeing right now is a classic bottom.