from TF Metals Report:
After giving it some thought, I’ve decided to publicly release this post from yesterday. The information here would seem to be pretty important and I don’t see many other “analysts” talking about it.
The latest BPR was released back on Friday. Though the information is old and stale, it still tells us quite a bit about where prices are likely headed in the short term.
Because of the U.S. government shutdown, the survey for the latest BPR was taken on Tuesday, October 1 but the data wasn’t compiled and released until last Friday, the 25th. Yikes! Certainly a lot has changed in the intervening 24 days…however…the report is still instructive as to the positioning of the big U.S. banks, namely JPMorgan.
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