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TF Metals Report: Commodity collapse
1:14p ET Tuesday, July 7, 2015
Dear Friend of GATA and Gold:
The TF Metals Report's Turd Ferguson today attempts some technical analysis of the crash in commodity prices but qualifies it this way: "We keep repeating the mantra 'there are no markets, just interventions,' and, if that's the case, maybe all my old tried-and-true methods are now obsolete."
Ferguson adds: "In the end, if you still believe that the entire global market structure is a fraud with limited lifespan, then the ability to convert fiat and stack physical metal at these depressed paper prices is a gift, not a disaster."
Of course it would be a much more valuable gift for people in their 20s and 30s than for people in their 60s and 70s. Indeed, for the latter group it could look more like another ripoff.
Ferguson's commentary is headlined "Commodity Collapse" and it's posted at the TF Metals Report here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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