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Craig Hemke at Sprott Money: The banks are not on your side
8:48p ET Tuesday, October 9, 2018
Dear Friend of GATA and Gold:
The TF Metals Report's Craig Hemke, writing at Sprott Money, argues tonight that futures trader positioning data does not suggest that the bullion banks are planning to profit from a short squeeze. Rather, Hemke says, the banks are letting off easy the traders who are now short, so as to maintain the old charade of a market in the monetary metals.
Hemke's analysis is headlined "The Banks Are Not on Your Side" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
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