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Gene Arensberg: U.S. bullion banks remain unusually long gold
5:20p ET Sunday, September 8, 2013
Dear Friend of GATA and Gold:
The Got Gold Report's Gene Arensberg writes tonight that despite gold's 10 percent price increase over the last month, the big bullion banks that typically push the market around remain very unusually long gold in the U.S. futures market. Arensberg writes: "This, in a context of backwardation and negative GOFO, has got to be about the most bullish signal we can look at in this commitment-of-traders data." Arensberg's commentary is posted in the clear at the Got Gold Report here:
http://www.gotgoldreport.com/2013/09/gold-and-silver-disaggregated-cot-r...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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