Craig Hemke at Sprott Money: Banks now long gold, short dollar

Section:

10:30a ET Tuesday, August 21, 2018

Dear Friend of GATA and Gold:

Futures market positioning data shows that commercial banks that are largely agents of the Federal Reserve now appear to be long gold, short the U.S. dollar, short bonds, and long volatility, Craig Hemke of the TF Metals Report writes today at Sprott Money.

The banks, Hemke notes, usually fleece futures market speculators with great skill. Maybe it's because they are the agents of the U.S. government in rigging markets.

Hemke's analysis is headlined "What Do the Banks Know?" and it's posted at Sprott Money here:

https://www.sprottmoney.com/Blog/what-do-the-banks-know-craig-hemke-21-0...

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org



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