You are here
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:
https://www.treasury.gov/resource-center/international/ESF/Pages/esf-ind...
Ferguson's analyis is headlined "CoT Persepctive" and it's posted at the TF Metals Report here:
http://www.tfmetalsreport.com/blog/7508/cot-perspective
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
We Are Amid the Biggest Financial Bubble in History;
When It Bursts, Bullion Owned in the Safest Way Will Protect Wealth
With GoldCore you can own allocated -- and most importantly -- segregated coins and bars in Switzerland, Singapore, and Hong Kong.
Switzerland, Singapore, and Hong Kong remain extremely safe jurisdictions for storing bullion. Avoid exchange-traded funds and digital gold providers where you are a price taker. Ensure that you are outright legal owner of your bullion. If you do not own segregated bullion that you can visit, inspect, and take delivery of, you are exposed.
Crucial guides to storage in Singapore and Switzerland can be read here:
http://info.goldcore.com/essential-guide-to-storing-gold-in-singapore
http://info.goldcore.com/essential-guide-to-storing-gold-in-switzerland
GoldCore does not report transactions to any authority. Safety, privacy, and confidentiality are paramount when we are entrusted with storage of our clients' precious metals.
Email the GoldCore team at info@goldcore.com or call our trading desk:
UK: +44(0)203-086-9200. U.S.: +1-302-635-1160. International: +353(0)1-632-5010.
Visit us at: http://www.goldcore.com
Join GATA here:
Mines and Money Asia
Tuesday-Thursday, April 5-7, 2016
Hong Kong Convention and Exhibition Centre
Hong Kong Special Administrative Region, China
http://asia.minesandmoney.com/
Mining Investment Asia
Wednesday-Friday, April 13-15, 2016
Marina Bay Sands, Singapore
http://www.mininginvestmentasia.com/
Support GATA by purchasing recordings of the proceedings of the 2014 New Orleans Investment Conference:
https://jeffersoncompanies.com/landing/2014-av-powell
Or by purchasing DVDs of GATA's London conference in August 2011 or GATA's Dawson City conference in August 2006:
http://www.goldrush21.com/order.html
Or a colorful poster of GATA's full-page ad in The Wall Street Journal on January 31, 2009:
http://gata.org/node/wallstreetjournal
Help keep GATA going
GATA is a civil rights and educational organization based in the United States and tax-exempt under the U.S. Internal Revenue Code. Its e-mail dispatches are free, and you can subscribe at:
To contribute to GATA, please visit:
