Huge Chinese silver orders broke CME Group's futures market on Nov. 28, Maguire tells LFTV

3 days ago 5

Rommie Analytics

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...
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