TF Metals Report: Gold futures market again in smashdown position
1:56p ET Tuesday, March 15, 2016
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today examines the charts of the gold futures market positions of the bullion banks and the small speculators and notes that the two groups are positioned as they always are just before the gold is smashed down in the famous "wash, rinse, repeat" cycle of gold price suppression.
Ferguson grouses again at the failure of the U.S. Commodity Futures Trading Commission to do anything about this, but if the bullion banks are executing trades for governments and particularly for the U.S. Exchange Stabilization Fund, the CFTC would be powerless, as the ESF is explicitly authorized by U.S. law to trade secretly in any market in the world -- that is, to rig any market in the world:
Ferguson's analyis is headlined "CoT Persepctive" and it's posted at the TF Metals Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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