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Futures market positioning is wildly bullish for monetary metals, Steer tells Howe Street
10:52a ET Tuesday, March 16, 2021
Dear Friend of GATA and Gold:
Ed Steer, publisher of Ed Steer's Gold and Silver Digest (https://edsteergoldsilver.com) and a member of GATA's Board of Directors, tells Jim Goddard of HoweStreet.com that futures market positioning for the monetary metals is extremely bullish.
Steer credits the Reddit crowd's attempt to squeeze silver with alerting investors to the potential of gains in acquiring real metal rather than derivatives.
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Because monetary metals prices have been suppressed in the futures market for so long, Steer says, no one knows what their real prices in a free market would be -- except higher.
The interview is 15 minutes long and can be heard at YouTube here:
https://www.youtube.com/watch?v=HZIDvBsw6Us&t=2548s
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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