Despite JP Morgan getting fined $920 million for spoofing, and several other banks also getting caught and fined, the mysterious drops in the silver price continue.
Fortunately, London metals analyst Andrew Maguire joined me on the show to explain what's happening, and discussed how these price smashes, in the face of the Department of Justice's case against JP Morgan, are being sanctioned by the BIS.
Andrew Maguire is an Independent London Metals Trader and Analyst, internationally renowned for his unique ability to read the precious metals market with the knowledge and experience gained over 35 years trading in financial and commodity markets. Andrew sits on the advisory board of a global physical bullion exchange and is a consultant advisor to many international hedge fund managers, bullion banks, directors and metal traders globally. Andrew is a Director at Kinesis.