Extreme Leverage in a Gold Futures Market Nearing the Breaking Point

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The metals markets rallied strongly on Friday – action which came as a surprise to many. The gains snapped a 6-week losing streak for gold, silver, and platinum. Prices rose despite a stronger-than-expected November jobs report raising the odds the Fed will hike interest rates later this month. Perhaps silver and gold futures finally caught a safe-haven bid on news of the terrorism-linked shooting in Southern California.

First published here: Extreme Leverage in a Gold Futures Market Nearing the Breaking Point

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