JP Morgan telling customer to buy Gold.

Ipv6Ready said:
Must need help propping up the gold prices :)
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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.
 
Just a process of pm's going east !
Interesting as to who owns 1 manhatten chase though.
 
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.
 
Ipv6Ready said:
Presume it's smaller than 81 st biggest in US would it be bigger that British or German 81st.
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Probably gigantically smaller than US #81, but larger than British/German #81.
 
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
 
billybob888 said:
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
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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....
 
billybob888 said:
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
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Didn't everyone bank do it though, not just JP.
 
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