This is rich. According to many conspiracy theorists, JPMorgan has allegedly been suppressing the prices of gold and silver for years. A recent article reports the Department of Justice and CFTC are investigating whether the bank is manipulating silver at the COMEX futures exchange. See previous blog.
Yet, JPMorgan analyst John Bridges is issuing a bullish report on gold. I wonder if he'll be popular at the company Christmas party.
http://www.businessinsider.com/jp-morgan-gold-now-could-face-unlimited-demand-2010-5
Thursday, May 13, 2010
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