Andrew Maguire: DOJ Told JP Morgan To Reduce Silver Position

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Manage episode 266846882 series 2744043
By Arcadia Economics and Chris Marcus. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
Last week the shocking news was that on the first day of the COMEX July silver delivery period, JPMorgan posted 30 million ounces of silver for delivery. Now, Andrew Maguire of Kinesis Money, who's been a key witness in the Department of Justice investigation, reports that JP Morgan was told to by the DOJ to reduce its silver position as they negotiate a settlement. Andrew also talked about the stunning recent silver inflows to SLV and the silver trusts, and explained how the number just simply don't add up. Especially with the silver price experiencing another sharp jolt to the upside, this is a timely interview you are going to want to see, so click to listen to what Andrew had to say now!

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