JPM's Call of $2500 Gold

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#1 Wed, Aug 10, 2011 - 9:27pm
R man J
Joined: Jun 14, 2011

JPM's Call of $2500 Gold

I was reading Jesse's Blog and he expressed concern at JPM's call that gold will hit $2500 within a few months. So he took profits today.

My personal belief is JPM is puffing gold for one reason alone:

...To keep silver down!!!

Agree or disagree?

Edited by: R man J on Nov 8, 2014 - 5:31am
Wed, Aug 10, 2011 - 10:01pm
Dr Durden
Twin Cities, MN
Joined: Jun 14, 2011

When you're the Fed's proxy

When you're the Fed's proxy bank and can speculate all you want and never have to take a loss, then you recommend anything you want, sell into your client's conviction, F them in the A, and make money while they bleed out.

They're not puffing REAL gold, they're puffing paper...which they're long until $2500 at which point they short slam it and collect on the way down. They don't call them "The Morgue" for nothing.

Jesse maybe French, but he's a smart cookie.

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin