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Dave Kranzler: Gold futures market position data means little now

Section: Daily Dispatches

12:56p ET Monday, September 14, 2015

Dear Friend of GATA and Gold:

Dave Kranzler of Investment Research Dynamics today explains why he doesn't think gold futures market positioning data means much anymore.

"There's so much fraud and corruption going on in the reporting of all of this information that it's really pointless spending the time collecting the data, analyzing it, and trying to understand it," Kranzler writes. "JPMorganChase was fined recently by the U.S. Commodity Futures Trading Commission -- a small, meaningless $650,000 -- for stuffing commercial trade tickets into the managed money account bucket. I guarantee you they still are doing this."

Kranzler's commentary is headlined "Questions About Analyzing Gold Futures COT Data" and it's posted at the IRD Internet site here:

http://investmentresearchdynamics.com/questions-about-analyzing-gold-fut...

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



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