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Central banks and bullion banks buy the dip, encouraged by GATA's Lambourne, Maguire says
11:24p Friday, November 15, 2025
In this week's edition of Kinesis Money's "Live from the Vault" program at YouTube, London metals trader Andrew Maguire says central banks are using the recent "Trump trade" increase in the U.S. dollar index and the corresponding fall in the gold price to obtain real metal at a discount, buying gold futures contracts on the New York Commodities Exchange and turning them into demands for delivery of metal in London, which will force the shorts to cover as already has happened repeatedly this year.
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Maguire credits GATA's consultant on the Bank for International Settlements, Robert Lambourne, for his longstanding work exposing the Federal Reserve's borrowing of gold through the BIS to try to cap the gold price.
But the capping isn't working, Maguire says, as every central bank and every bullion bank are buying physical gold and the much-anticipated international revaluation of the monetary metal is already in motion.
This episode of "Live from the Vault" is 39 minutes long and can be seen at YouTube here:
https://www.youtube.com/watch?v=3ms6fMHxB8k
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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