Dear Friend of GATA and Gold:
Trader positioning in the gold futures market, the TF Metal Report's Craig Hemke writes at Sprott Money today, ordinarily would be signalling a bottom and a rally -- if there was no intervention by the Chinese government to keep gold and commodity prices down to offset the devaluation of the yuan amid the trade war with the United States.
Hemke's analysis is headlined "Comex Gold and the Commitment of Traders Report" and it's posted at Sprott Money here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.