Monday, August 8, 2011

JPMorgan: Gold Could Climb to $2,500 by End of the Year

Wow, the new ultimate insider number one powerhouse bank, JPMorgan Chase (replacing Goldman Sachs)has just issued a note stating gold could hit $2,500 by the end-of-the year on “very high” volatility.

This call may be accurate, but why is the ultimate insider bank trying to panic people into buying gold? It's not clear how, but there is more to the story.

Did Jamie Dimon just learn that Ron Paul suspicions are right and that there is no gold at Fort Knox?

8 comments:

  1. They want gold to go to $3000 and then start a new gold/commodity-backed world currency. This is all being done to bring in a one world currency.

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  2. Albeit, it's not GS who is famous for using its sell side to make a market for its opposite prop position. But I have to suspect that this comes ahead of expectations of a short term squeeze on longs, likely facilitated with margin hikes.

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  3. Here’s a conspiracy theory why Jamie Dimon wants people to buy gold now. If a lot of people were to lose money on gold, that would reinforce the idea that gold is not money, it’s a relic owned out of superstition and tradition, and it’s not safe. So, what would cause gold to go down in price? Zero Hedge just posted this hypothesis:

    http://www.zerohedge.com/news/bank-america-just-start-paulsons-problems-behold-citigroup

    It’s not really analysis, just an observation or a wild guess.

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  4. anon @ 12:26: why would they want that? and what exactly would it accomplish, if one were to even buy into the idea that it was conceivably possible to get every country to agree to it?

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  5. Our Owners have been trying to create a world currency for a long time. Every country uses the dollar right now...They have to buy USD with their own currency to buy globally. What else are you going to use to price world goods and services? Obviously they need a world currency to do this.

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  6. Hmmmm....they are sitting on a ton of copper...either way they "win"...whether it's a commodity run up or a transition to a new currency that starts with gold confiscation...they are "safe" with their big pile of copper.

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  8. They have guns and jails.

    The Euro will succeed because they will always inflate. people who don't like being slaves will be murdered if it come to that. A world currency is coming soon.

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