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TF Metals Report: Next move in gold futures is up to JPMorganChase
11:28a ET Monday, November 18, 2013
Dear Friend of GATA and Gold:
The next move in the gold futures market is up to JPMorganChase, the TF Metals Report's Turd Ferguson writes today, arguing the JPM is long and dominant enough in the market to squeeze the shorts or to sell and smash the price down again. In any case, Ferguson writes, there is likely to be great volatility in gold futures for the remainder of this month as the December contract expires.
Ferguson's commentary is posted at the TF Metals Report's Internet site here:
And Future Money Trends has just done a 19-minute audio interview with Ferguson here:
CHRIS POWELL, Secretary/Treasurer
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