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Bullion banks massively cover gold futures shorts, GoldMoney's Macleod tells KWN
10:40a ET Monday, March 7, 2021
Dear Friend of GATA and Gold:
Bullion banks massively covered short gold futures positions last week as hedge funds sold most of their long positions, GoldMoney research director Alasdair Macleod tells King World News. He says the banks likely will continue covering shorts this week.
Macleod adds that Federal Reserve banking rules seem to be about to force banks to impose negative interest rates on their biggest customers.
Macleod's comments are posted in text along with an audio interview at KWN here:
https://kingworldnews.com/alert-bullion-banks-have-covered-a-massive-num...
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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