Thursday, August 4, 2011

WHAT >>>THE >>>>FUCK>>>IS >>>THIS>>>?

Gold: J.P. Morgan ‘Loves’ It Big Time
By Dave Kansas
August 4, 2011, 9:49 AM ET

As Old Yeller races higher, J.P. Morgan comes out today with a report banging the drum for the barbarous relic.

“We love gold,” J.P. Morgan says. They add: “Many investors may look at the gold price chart with disappointment and assert it’s too late for them to buy. We disagree.”

The bank says that Western governments need to either raise taxes or cut spending or both, and nobody in authority seems ready to take those kinds of tough decisions. As long as everyone’s punting, J.P. Morgan believes gold will keep rising.

J.P. Morgan also points out that South Korea’s central bank recently snapped up 25 tons of gold, joining Mexico, Russia and Thailand as big buyers of the yellow stuff.

In a twist, JPM says gold stocks, which have lagged the surge in gold prices, might be a good vehicle to get into the gold game. They like Goldcorp, Kinross, Newmont and Barrick.

32 comments:

  1. Is it because the CFTC grew some balls & JPM has to throw Blythe to the wolves? "AH, yes....er, Senator...(clear throat), Ms. Masters had complete control over her division".. or something like that.

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  2. Blythe needs a gold plated dildo.

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  3. its just analysts who don't attend blythe's "master sessions" who are issuing this guidance, they've been doing this. Notice, however he's recommending Goldcorp and Barrick. These stocks have also gone way down with the price of gold, wonder why? They short gold. And they are, like jpm 60% owned by dumb money mutual funds and pension funds that are beginning liquidation processes

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  4. Looks like the worm has turned. It seems JPM has now come to the end of the road after screwing everybody for as much as they could. They are jumping on the gold band wagon with the cash they have stolen from all and sundry. Looks like the next phase of their master plan is going into action. Should be interesting.

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  5. They probably just decided they'd like to start making money in PMs rather than getting ass-raped on their short positions.

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  6. Aww yes my favorite internet terms. Oh and only a bitch boy would use the term snapped up

    Snapped up
    Gaffe
    According to one internet blogger
    Daring mid drift
    And the daily Jennifer Aniston update

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  7. Now I'm really scared, damn...

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  8. How much do you want to bet that the gold and silver in GLD and SLV is already spoken for... by JPM and his incestuous daughter BlackCrock?

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  9. Fetus in fetu:
    (fetus inside a fetus - or GoldmanSachs inside a government or JP Morgan inside a Federal Reserve)

    http://medwebstudents2.files.wordpress.com/2007/10/q11btera.jpg

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  10. Platinum is only $60 more than Gold.
    WTF is going on!

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  11. From Wiki

    During periods of sustained economic stability and growth, the price of platinum tends to be as much as twice the price of gold, whereas during periods of economic uncertainty,[42] the price of platinum tends to decrease due to reduced industrial demand, falling below the price of gold. Gold prices are more stable in slow economic times, as gold is considered a safe haven and gold demand is not driven by industrial uses. In the 18th century, platinum's rarity made King Louis XV of France declare it the only metal fit for a king.[43]

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  12. > Platinum is only $60 more than Gold.
    WTF is going on!

    Biflation.

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  13. I'm sure they have hatched some sort of scheme to make a lot of $$ off a steep gold price increase.

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  14. You have to think that the scumbags shorting the paper market are using the depressed prices to their further advantage to buy their own phyzz. They may be a bunch of filthy cocksuckers but they're probably not complete idiots.

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  15. This makes me angry when I read these stories.
    They may be sheep etc... but this is what is coming too! I left my family and my home for a better life in the US 15 years ago. Going back to England would be even worse. And my industry "software development" since 2000... well lets just say I manage development teams in Bangalore now that cost as much as a new kid out of college in the US. Which also pisses me off!

    http://finance.yahoo.com/banking-budgeting/article/113254/extreme-debtors-cnnmoney?mod=bb-debtmanagement

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  16. From Tader Dan Norcini,

    Silver was mauled without mercy as it met with the fate of copper. This is to be expected during times of risk aversion. For all the silver bulls out there, please understand this basic principle - Silver will not outperform gold during a period of risk aversion. Period - Comex silver stocks do not matter. All that matters is that risk trades get yanked off and silver gets hit harder than gold because even though it has an historic role as a safe haven metal, it cannot shed its industrial metal role completely during such times. The Gold/Silver ratio will therefore move in the favor of gold during periods of risk aversion when fear trades are the rule. When the risk trades go back on and traders feel very comfortable taking risk, then silver will outperform gold to the upside.



    Not a mention of raids or manipulation! Hummm!

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  17. This comment has been removed by the author.

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  18. This comment has been removed by the author.

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  19. Funny you ask. I just downsized and put the cash proceeds offshore in a GoldMoney account. I was torn between renting and owning so I split the difference and own a little flat in Vancouver and hopefully some metal in Hong Kong. I'm almost counting on it being a bubble, whether it pops in slow-mo or overnight, actually.

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  20. Uh... My post probably doesn't make any sense now that this treez character suddenly removed all his posts... How the hell does one edit and/or remove their posts anyway?

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  21. treez said...
    treez said...
    THeorys:***Maybe I'm completely in left field, I'm trying to read as much as possible to understand how to play this game to win.


    A) JPM Shorts the gold and slv, then use reverse psychology, and make it look like they are going long so all the PM BULLs who can't trust JPM turn PM bears? and join and help JPM drop the price of PMs

    B) Making it look like they aren't the ones who are shorting the PM's since they are saying gold is good and would want PM's to rise infinity higher.

    C) They are Balls deeps in Shorts and need MOMO sheep to make the GLD/SLV rise parabolic so they can say its over valued and then say they are changing to short positions but be short the entire time.(*or hike the margin 50 times and not have to go and say they are changing positions.)

    D) They Shorted it down today, and made the calls cheap so they could buy it cheap,because they know the numbers tomorrow are going are going to be bad. Then get the momo sheep (*LULU GMCR NTFLX DECK TZOOGMRC)to buy all their calls. wait for a few days then short it down get a margin hike or something,buy cheap calls Wait for meeting with printbertank, and have him say QE3.Sell all their calls again. then have INKTANK come out later and head fake no qe3,and have everyone resell calls cheap, so they can swap positions to long knowing QE round 420 is coming at some point.

    **** anyone from VAncouver BC think the housing bubble is going to implode or melt slowly.

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  22. Hmmm..... my guess will be the "big guys" have done prepare for the end days. They have acquired enough Physical gold, gold mining stocks and ETF. It is time to let go the grip and let the shit hit the fan.

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  23. Seattle, here! Implode!!!!!! That is unless the Asians keep buying, but China is about to implode.

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  24. The trash can icon beside the date on the bottom.
    Gold/money account i've heard about it , at least someone who was starting one up. His son was in my class.
    I wasn't early enough to the housing ponzi, so never had the opportunity to win the housing lottery.

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  25. JPM is priming the pump, as it were, to suck in money in things they are going to crater DOWN!!

    Silver headed to $32 level soon.

    SGS said it here, "SHORT the world"!!

    Enter the SECOND GREAT DEPRESSION. 2008 was a DRY-RUN. Now, they got all their ducks in a row.

    SilverBull.

    PS: AFTER the carnage, PM's TO THE MOON.

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  26. JPM is short precious metals but they don't do it for their own account, they have this repackaged and sold as an investment to some of their customers. And now once again (just like with CDOs) they turn on their own customers and will bet against the product they sold them.

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  27. Can you not find out and tell us? We are the ones that know fuck all

    AC

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  28. treez, I have a goldmoney.com account. It has trippled since I opened it (when measuring it in US Dollars). I use it as a savings account. Easy to use, can get funds wired to my ScotiaBank account within a day or two.

    It's just one of my investment vehicles besides physical metal and mining stocks (and food and a vegetable garden).

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  29. Time to RUN out of precious metals. Or just keep spending that cash. Have fun kiddies and don't forget you know how to thank the master.

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  30. reefman
    Reef as in reefer or as in coral reef?
    All you need in Vancouver is a grow op or med pot license and trade that for cash no taxes lol,

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