JP Morgan down 5% , page-2

  1. 1,303 Posts.
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    I wonder how a default of JP Morgan will affect the price of gold. They have a massive derivative position which all gold bulls want them to buy back. If they go bankrupt, we may not see the gold price go much higher because they wont be covering their short position. Am I correct in this logic, or will it be good gold for the price of gold???

    skippa
 
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