Rumour / Scandal / Truth / Fiction?

  1. 9,081 Posts.
    This extract from one of the recent newswires at the Bullion Desk:

    Commenting on the recent large fall in the gold price --

    " .... gold was broken down in a bear raid orchestrated to protect J.P. Morgan Chase's huge gold derivative position."

    Now, if this is true, and if it comes to light with JP Morgan going to the wall, expect all hell to break loose and gold to soar to the stratosphere.

    Of course, it is a very big "IF" ... but it is a drum that is beating louder and louder.

    It's time to be extra cautious and keep a keen ear to the ground ... just in case!!

    Cheers, X
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