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24hrs & 19 Million OZ Of SILVER Deliveries | Andy Schectman
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Andy Schectman, CEO of Miles Franklin Precious Metals, highlights significant developments in the precious metals markets. Schectman discusses the massive physical deliveries of gold and silver from major exchanges like COMEX and LBMA, pointing out that these deliveries are reaching unprecedented levels, indicating serious structural deficits. He also notes a notable increase in countries like Turkey and India aggressively accumulating precious metals, further stressing the disconnect between physical supply and paper trading volumes. Schectman expresses concern over the manipulation and suppression of precious metal prices by Western financial systems, and how this is incentivizing global players to withdraw physical metal from exchanges. He concludes by emphasizing the shift in market dynamics, with emerging economies positioning themselves advantageously by stockpiling commodities and distancing themselves from Western financial institutions.
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