Stimulus expectations from global central banks have underpinned gold price at a level above $1,600. Gold traders are on the sideline until the Fed or the ECB takes real measures of quantitative easing.
The Managed Funds Association (MFA) may be regretting inviting Commodity Customer Coalition (CCC) co-founder James Koutoulas to speak at its recently concluded Forum 2012 conference in Chicago this week.
James Koutoulas made an interesting claim in a conversation with CNBC last week. He indicated that he has inside information from sources within JP Morgan that the bank is holding up to $600 million in former MF Global customer money.