I agree
Given the monumental short gold contracts that J.P Morgan and HSBC holds, $5000 an ounce in the short term is optimistic thinking. I can't see any foreseeable major gold move until their positions are liquidated.
http://news.silverseek.com/SilverSeek/1219962959.php
as of august 28, 2008
JPMorgan
Gold Contracts: $85.2 billion
Other PM Contracts: $10.9 billion
HSBC
Gold Contracts: $27.5 billion
Other PM Contracts: $6.9 billion
- Forums
- ASX - By Stock
- GOLD
- gold and debt
gold and debt, page-3
Featured News
Add GOLD (COMEX) to my watchlist
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online