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Regarding JP Morgan, read points 29 and 32 below, written by Stewart Thompson
http://www.gracelandupdates.com/
29. There is a current view held by some gold analysts and investors that the bankers are in trouble at the COMEX. That somehow, they won't be able to deliver all the gold if the small retail investors order delivery of their contracts. I don't believe this. The bankers that operate the COMEX also own the LBMA. The London Bullion Market Association. They also own and/or are partners with many of the world's major refiners. They are major shareholders in the world's largest gold producers and many explorers. They are shareholders in the US Central Bank.
32. I believe gold will rise to $6,000 an ounce (or higher). Just like they did in the 1970's, the banks will make the money, not the retail investor. If the small investor wants to make money in gold, do not follow the tactics advised by the gold analysts, like "back up the truck", "buy the bargains" "this is the traditional buying season", etc. Instead, focus your efforts on duplicating the tactics of the bankers in your own buying and selling of gold and silver.
33. This means you must buy gold and silver robotically. In small portions on price weakness. Sell a portion of what you buy robotically on price strength. This is how the bankers operate their trading programs.
