we have never ever ever encountered this condition before in silver in the whole history of the comex upon the breakout gold's going to make a new all-time high goldback to etfs inflows of over NUMBER_TOKEN billion NUMBER_TOKEN trillion gold market welcome to life from the vault my name is shane moran and i'll be your host for this episode so just before we go over to talking gold with andrew mcguire please keep spreading the word about this channel by hitting that like button uh hitting the share button and also subscribe to this channel and then hit the bell so that you will be notified in real time as these episodes go live so with that let's head over to the uk and the one and only andrew mcguire with talking goal now andrew to answer our most frequently asked questions uh what we normally do is we go back and review the last two weeks and what you like to call the largely paper driven casino action uh with the larger wholesale market picture can you just give us your take on what you're seeing in the markets right now with this market intervention that's happening and that's been happening that we covered on our last episode over to you andy yeah shane you know it's always it's always great you always lift me up every time i speak to you um and uh yeah yes let's put let's put it into perspective there's tons to get through here um and i think it is always a good place to start i mean that that is a question as you say we do get an awful lot of questions on and is it any surprise i mean when you look at the action that we've seen this month of august now clearly you know people are asking a lot of questions and now but what we've seen since our last episode actually is really worth noting uh to the point and this is this is mind-blowing to the point where for the first time in history we've actually evidenced such a market dislocation in silver that last week made comex silver attractive to be locked in for price and demanded for delivery and get this get this at a price attractive enough to be bought back by a refiner who had wholesale orders they couldn't fulfill this is history in the making i'm telling you and i'll get to that in a moment but you know let's get into the weeds first because it kind of answers the the subscriber question is but after a full assessment of bank and spec positioning last week two things are really really evident firstly the infamous sunday night raid has forced full spec capitulation in both gold futures and silver futures as well as spot and any remaining sell orders are naked short but in the weak hands of technical momentum sellers with insiders you know the clever insiders who are part of this program on one to one against them on the long side now secondly the second reason is while gold futures have been receiving safe haven flows alongside the dollar you know based on uh fed concerns virus concerns all this kind of stuff you sometimes see and more often than not you do see the dollar rising on those uh safe haven flows but gold also overcoming uh the the natural sell orders that come when the algorithms that are geared up and we've talked about these algorithms before what happens is there's one that that relates directly to dollar gold well obviously you've
START_INTERACTION_TOKEN just before we go over to talking gold with andrew mcguire please keep spreading the word about this channel by hitting that like button uh hitting the share button and also subscribe to this channel and then hit the bell so that you will be notified in real time as these episodes go live so END_INTERACTION_TOKEN