Was watching Gregory Mannirino on Youtube today and he mentioned that JP Morgan have started recommending to their customers to start investing in Gold. With all the negative interest rate environments starting around the world it seems Gold is the only commodity that has any yield. Yeehaa! http://www.cnbc.com/2016/05/10/gold-has-entered-a-new-bull-market-jpmorgan.html
nope, remember who bought the One Chase Manhattan Plaza? they are paid to write that recommendation they work for one of their big client
^^^ maybe true. I can imagine all the conspiracy nuts scratching their heads. I am sure some out there theory will drivel out to explain it.
Had a quick wiki look, 81st biggest company in China, so I guess it's big, but meh how big is 81 biggest lol. Presume it's smaller than 81 st biggest in US would it be bigger that British or German 81st. The surprising thing was how cheap it was! $750 million I would have thought it was more, much more. Compared to iconic Australian building seems cheap.
$28billion market worth pretty big. Probably would get into top 20 in Australia, so strange reading about Chinese companies being so massive. Just a two decades ago who would have thought?
Maybe jp morgan is going to short gold after the recent rise? Thats how their business model work right? Recommend subprime mortgages to their customer while actively shorting them and expecting a collapse
I can belive that 100% all business are in it for money, just like VW (and other manufacturers), and they money on the up and down. Short it or pump it....
