J.P. Morgan Sees Golden Opportunities for Huge Gains in 2014 With Gold and Silver
With serious inflation still only a gleam in the eyes of the ardent gold bugs, 2014 looks like a tough year for gold miners. The metals analysts at J.P. Morgan think it is easy to look at the cost of new mines and conclude that current prices are unsustainable. But new mine projects may not be needed for several years if more of investors’ above-ground gold horde is unwound. Here is where the story gets more interesting.
For many on Wall Street the question of future inflation is a when, and not if, proposition. Central backs around the world are printing money at a furious pace, debasing the value of their local currency. So whether it is a question of gold and silver as a hedge, an industrial commodity or simply a straight contrarian stock trade, the J.P. Morgan team thinks now is the time to look hard at the top names. They also think the downturn in prices has created a golden opportunity.
JP Morgan getting ready to manipulate the prices upward ? Yes Dale, I think so, maybe all they have to do is cover their short positions, might have been the reason for the knock down in futures this morning so they can start covering at a low a price as possible.
Some one Crushed Silver futures this morning, maybe the JP Morg - - down 50 cents in 15 minutes, might have been the blow out low. SLW seemed to bottom at 19.66, last 20.06 up a dime, so not much damage done by the silver wipe out, but did give the boys a chance to run the stops!!