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Craig Hemke: CFTC data warning signs
11a ET Wednesday, July 10, 2019
Dear Friend of GATA and Gold:
Craig Hemke of the TF Metals Report, writing at Sprott Money, shows today that the positioning of bullion banks and speculative traders in the gold market could hardly be more negative for the monetary metal.
Hemke concludes that both gold market indicators compiled by the U.S. Commodity Futures Trading Commission "are flashing warning signals for the short term." But he adds, "The conditions that led to the most recent price spike will persist -- and will only deepen -- in the months ahead. So don't let the next pullback frighten or otherwise concern you. This is just the natural ebb and flow of these bank-dominated 'markets.' Higher highs are still pending in 2019 as Comex Digital Gold posts its best annual gain since 2010."
Hemke's analysis is headlined "CFTC Data Warning Signs" and it's posted at Sprott Money here:
https://www.sprottmoney.com/Blog/cftc-data-warning-signs-craig-hemke-10-...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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