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TF Metals Report: The illegitimacy of Comex gold pricing
4:10p ET Wednesday, February 17, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson writes today that there is no real gold futures price and no renewed bull market in gold, just high-frequency and algorithm trading done off currency pairs while the major bullion banks shuffle gold warehouse receipts among themselves to give the illusion of physical delivery. Ferguson's analysis is headlined "The Illegitimacy of Comex Pricing" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/7451/illegitimacy-comex-pricing
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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