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Silver backwardation signals rally, Maguire tells KWN
4:46p ET Friday, May 3, 2019
Dear Friend of GATA and Gold:
London metals trader Andrew Maguire, interviewed today by King World News, says the cash price for silver is so far above the recent futures contract price -- deep backwardation -- that a rally is imminent.
"This is the time to join the commercials and ride the next silver and gold wave higher," Maguire says. "But if you do it, do it by taking physical delivery. That way you will not only be fighting back but will also be exacerbating already tight physical gold and silver markets."
Maguire's comments are posted at KWN here:
https://kingworldnews.com/andrew-maguire-bullion-banks-are-about-to-torc...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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