JP Morgan now recommend go overweight in gold

Posted | 03/07/2013 / Views | 1399
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We are reluctant to buy into a lot of the conspiracy theories out there but the manipulation of the paper gold market seems just too obvious to ignore, so why not try and profit from it?  In April the bullion banks (led by JPM) were extremely ‘short’ on gold.  They told the world it would crash, then dumped a heap on the market and down she came with them profiting on the way down.  They are now ‘long’ on gold and guess what… are now telling the world to buy gold and are poised to profit on the way back up.