Episode Details

In this week’s Live from the Vault, Andrew Maguire welcomes Andy Schectman of Miles Franklin to examine the widening gap between COMEX and physical metal flows, highlighting record deliveries and unprecedented sovereign accumulation. 

The two friends examine the erosion of trust in Western systems and the influence of key players, including China and central banks, quietly absorbing substantial quantities of gold and silver and altering the dynamics of the metals market.

Check out Andy's links below:
https://www.youtube.com/user/MilesFranklinCo
https://milesfranklin.com/

Send your questions to Andy here: https://www.speakpipe.com/LFTV

Timestamps: 
00:00 Start
00:57 Andy Schectman explaining market correction in gold and silver
04:26 Structural correction explained; margin hikes and ETF rebalancing
10:01 Massive physical deliveries and accumulation by China and banks
14:50 Trust in Western pricing erodes as metals leave the system
20:35 Instant gratification, global gold buying, and long-term strategies
24:53 Key players moving out of SLV/GLD, physical liquidity vanishing in the West
30:14 Physical delivery becoming critical, signals a potential turning point
36:40 Big money and central banks positioning, Fed trapped, market dynamics shifting
41:06 Fear and emotional impact on retail traders during price collapse
44:33 JP Morgan hedges silver amid structural market pressures
53:10 Physical possession dominates over paper; backwardation and market shift


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The opinions expressed in this video by Andrew Maguire and any guest are solely their own and do not reflect the official policy, position, or views of Kinesis. The information provided is for general informational purposes only and does not constitute investment advice, financial advice, or any other type of professional advice.

Viewers are encouraged to seek independent financial advice tailored to their individual circumstances before making any decisions related to the gold market or other investments. Kinesis does not accept any responsibility or liability for actions taken based on the content of this video.