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TF Metals Report: Morgan bought gold to sell it for price control
11a ET Wednesday, June 18, 2014
Dear Friend of GATA and Gold:
Analyzing gold futures market position data, the TF Metals Report's Turd Ferguson writes that JPMorganChase & Co. seems to have acquired its big long position in gold last year and early this year only as ammunition for selling to control the monetary metal's price. Ferguson's analysis is headlined "Considering the Latest Bank Participation Report" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/5832/considering-latest-bank-particip...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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