JP Morgan lowers forecast, predicts a dull future for silver & gold

Discussion in 'Markets & Economies' started by SpacePete, Apr 1, 2015.

  1. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    SpacePete, Apr 1, 2015
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  2. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    The vampire at the blood bank has spoken. I guess we all better sell off our physical.

    SilverPete, I can do you a favour and buy your fifties at spot before it drops any further.
     
    sammysilver, Apr 1, 2015
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  3. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    I was hoping to shake out a few sellers of Libertads :)
     
    SpacePete, Apr 1, 2015
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  4. Miloman

    Miloman Active Member Silver Stacker

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    More libertads? What are you trying to do, sink the titanic? :eek:
     
    Miloman, Apr 1, 2015
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  5. Oldsoul

    Oldsoul New Member

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    [​IMG]
    Source:
     
    Oldsoul, Apr 5, 2015
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  6. rara200284

    rara200284 Member

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    Screw JP
     
    rara200284, Apr 6, 2015
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  7. valuecreator

    valuecreator Well-Known Member Silver Stacker

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    And yet, JPM is loading up on physical Ag like there's no tomorrow. ;)
     
    valuecreator, Apr 6, 2015
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  8. Oldsoul

    Oldsoul New Member

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    But of course.


    And these are the boys who underwrote the IPO of groupon

    http://www.nasdaq.com/markets/ipos/offering-history.aspx?expert=j.p.+morgan+securities+llc

    Let's have a look at groupon today shall we? O my what a surprise - down 72.96% since launch. How could that happen?

    [​IMG]
    Source:

    I wonder if JP Morgans current CEO James Dimon pictured above knows?

    Groupon

    Return on average assets 2014 -2.99%
    Return on average equity 2014 -9.90%
    EPS -0.11


    Yes that's right JP Morgan underwrote groupon which has a market capitalisation of 4.77 Billion. It actually makes a loss of 11 cents a share and has fallen 72% since its' launch.

    But wait...there's more.....it is 68% owned by institutional investors .i.e pension plans.

    Isn't life grand! They are so helpful in advising the public and press in what they think will happen with golds price! It is a public service!


    [​IMG]
    Source:

    Trust JP Morgan - those pranksters!

    And O the irony old JP Morgan himself testifying in front of congress in 1912

    "Gold Is Money, Everything Else Is Credit"
     
    Oldsoul, Apr 6, 2015
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