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Huge Chinese silver orders broke CME Group's futures market on Nov. 28, Maguire tells LFTV
10:25p ET Friday, December 12, 2025
Dear Friend of GATA and Gold:
The hours-long suspension of CME Group's global futures trading platform on November 28 was not prompted by a cooling failure at a data center, as officially maintained, but by huge silver purchase orders from Chinese buyers, London metals trader Andrew Maguire tells this week's edition of Kinesis Money's "Live from the Vault" program.
The Chinese orders, Maguire says, broke the silver price suppression scheme and required official intervention to avoid a declaration of force majeure on the New York Commodities Exchange and an explosion of metals derivatives internationally, an outcome no one in authority wanted.
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Meanwhile, Maguire says, the BRICS countries are close to activating a gold- and commodity-backed trading currency that will steadily increase demand for physical gold.
According to Maguire, China now has taken control of the physical gold and silver markets and is using Western futures markets to drain what metal remains in the West.
The program is 49 minutes long and can be viewed at YouTube here:
https://www.youtube.com/watch?v=yRtQjoeIqL8
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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