JP Morgan Warns Gold to Go Parabolic and Rise to $2,500 By Year End

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Tue, 08/09/2011 - 11:58 | 1542778 ironmace
ironmace's picture


Tue, 08/09/2011 - 08:29 | 1541964 youngman
youngman's picture

Its going to be another interesting day....T-Bill auction.....Bernanke misspeaks.....and BAC crisis......right now gold up and silver down..big in both directions...Munis got hit hard.....and Thursday will be another 400,000 plus unemployment day.....reatail sales will be cards up....more and more people on food stamps....its no longer a mark of shame..its a right.....why shouldn´t my government by my food...people ran to treasuries..but now they see that mabye they ran to I think they will slowly move to PM´s...

Tue, 08/09/2011 - 08:30 | 1541965 rfullem
rfullem's picture

boring - still. if you bought gold at $300/oz, Id be impressed.  What to buy? Asia debt and consumer shares and US export/tech companies.  have a nice day. 

Tue, 08/09/2011 - 09:27 | 1542161 ReactionToClose...
ReactionToClosedMinds's picture


Tue, 08/09/2011 - 10:16 | 1542334 Long-John-Silver
Long-John-Silver's picture

I got in at $700 and I'm still impressed.

Tue, 08/09/2011 - 13:21 | 1543049 smore
smore's picture

Bought my first Credit Suisse bar on eBay for $300.  Advertised as being having been won as a sales incentive at Microsoft.  Still have it.

Tue, 08/09/2011 - 08:31 | 1541975 gmak
gmak's picture

This article is not very useful. Gold may have peaked or it may go up. D-uh.

Tue, 08/09/2011 - 08:38 | 1541982 Rynak
Rynak's picture

Yeahyeah, we get it JPM.... pump'n dump.... buy now, so that we can dump you on the way up when QE3 gets announced, precisely to stem gold from going parabolic.

Bottom line: If things go according to what JPM wants, then what will happen is exactly the opposite of what they are "warning" about... at least in the shortterm.

Tue, 08/09/2011 - 08:39 | 1541994 johnnymustardseed
johnnymustardseed's picture

silvergoldsilver has a link to Blythe Master's website. I think she is fucking silver just to get even for the nasty messages people left on her blog. She will do what she wants when it comes to paper silver, but she can't get the physical. Here is her blog link  Tell her how happy she makes you

Tue, 08/09/2011 - 08:45 | 1542035 caerus
caerus's picture

lol...the comments crack me up

Tue, 08/09/2011 - 08:42 | 1542015 Stares straight...
Stares straight ahead's picture

Best to be nimble.  I have fired up my algo, moved my computer closer to the wall and shortened the cat 5 cable.

Tue, 08/09/2011 - 08:43 | 1542022 THE DORK OF CORK
THE DORK OF CORK's picture

Nah this is screaming freegold to me - oil down , silver down , dollars turning into synthetic greenbacks - Italy broke the camels back , Italy & Spain have 3 trillion of sov debt baby.

They need cash to continue with their payments system in a efficent manner.


Tue, 08/09/2011 - 08:45 | 1542026 GetZeeGold
GetZeeGold's picture


Which country are you from?.....USSR. musta just popped in from a time machine.

There is no USSR anymore.......but there is a USSA.



Different names.....same results.


Tue, 08/09/2011 - 08:58 | 1542071 machineh
machineh's picture

Victory in Afghanistan, comrade!

Tue, 08/09/2011 - 10:30 | 1542380 Long-John-Silver
Long-John-Silver's picture

Oh Shit! The Satellite States in the South just broke away again. It's 1861 all over again and our military is scattered all over the world.

Tue, 08/09/2011 - 08:46 | 1542034 GoldMeUp
GoldMeUp's picture

Can anyone spare me some gold?  Just a few coins please I don't have much money.

Tue, 08/09/2011 - 08:47 | 1542039 onarga74
onarga74's picture

The last 3 week move in gold is the top (1650-1750 area) No one is bearish on gold and obviously people regard it as a "safe" haven.  Everyone including sovereigns are in and on board.  This train to their chagrin is going backwards.  The high seen overnight won't be seen again for decades if then.

Tue, 08/09/2011 - 09:17 | 1542132 Smiddywesson
Smiddywesson's picture

Nice try.  Only the governments and central banks of the most powerful nations in the world know where this is going, and they are stacking gold.  Do you suppose they bought it because they know the value will go down?

Tue, 08/09/2011 - 09:47 | 1542228 onarga74
onarga74's picture

That presupposes that governments and central banks are good money managers.  It also reflects maximum pain. CNN just spent 10 minutes telling everyone that people are leaving the uncertainty of the stock market and fleeing to the safety of gold.

Look at a chart of gold from 1980 to early 2000's...sure was a need for safe havens then but gold wasnt it.  Explain to me why it is now. Just because? How do you know when you don't need it anymore?  The maximum amount of people and governments are in the metal now.  You just need more people and governments to buy after you did. Good luck. 

Tue, 08/09/2011 - 09:55 | 1542255 gratefultraveller
gratefultraveller's picture

lfmfao - "the maximum amount of people are in the metal now"

That meager 1% of the population equals maximum amount for you? What are you smoking, I want some of that!

Tue, 08/09/2011 - 13:27 | 1543071 smore
smore's picture

Couldn't have said that better!  Totally ignorant, Sarah!

Tue, 08/09/2011 - 10:36 | 1542397 Long-John-Silver
Long-John-Silver's picture

We are repeating the 1929 crash and depression. We have entered the second dip where no one trusts the governments money. This caused an attempted confiscation of Gold as it had become a direct currency competitor with the US Dollar at that time and it was losing. Repeating history is a bitch. Go now and read the history of the Great Depression and use it as a guide.

Tue, 08/09/2011 - 10:44 | 1542435 EscapeKey
EscapeKey's picture

Oh awesome, a new super-confident PM troll.

So troll, are you short gold, or are you just another do-as-I-say-not-as-I-do run of the mill troll?

"Why it is now" - that's just about the most commonly discussed topic, and if you don't know by now, there's hardly a point to debating you.

Tue, 08/09/2011 - 10:59 | 1542473 Temporalist
Temporalist's picture

Look halfwit people also forgot chicken soup was good for you because McDonalds came along.  Does that mean chicken soup isn't really good for you?

Your "rationale" for people needing to buy after you applies to EVERYTHING dumbass.  1980 the interest rate went over 20%.  That is nowhere near on the horizon anymore and even if it were I think it's too late as people realize the rating agencies, banks and financial institutions are as corrupt as the government and will spend and steal until there are no productive people remaining.

There are trillions in paper debts for sovereigns and large banks and they have not even started to buy gold yet just as the major funds haven't but a few.

And seriously!?!?!  CNN is your great indicator!?!?  Who the fuck even watches that garbage anymore?  You are behind the times, out of the loop, left in the dust, and you don't even know it.  You know what else happened in the last historic gold run up?  It went up 2400% from it's starting price.  In this case that is $256; you can do the math...there is something called a calculator now too.

People don't need luck they need to disregard troll asspuppets like you.

Tue, 08/09/2011 - 08:48 | 1542040 TradingJoe
TradingJoe's picture

ANY "strength" today will be SOLD SHARPLY, QE3 ain't coming just yet! Gold will move higher, Silver will catch up soon enough! Fact is though, FED won't move until JH! So plenty of time to back up the truck on what you please to have:))!

Tue, 08/09/2011 - 08:50 | 1542044 THE DORK OF CORK
THE DORK OF CORK's picture

Yee guys are too dollar centric - Gold is intregal to the Euro system - if the Euro dies Gold dies but it ain't dead yet.

Tue, 08/09/2011 - 13:33 | 1543092 smore
smore's picture

Gold may be integral to the Euro, but that in no way implies that the Euro is integral to Gold.  "if the Euro dies Gold dies"????  WTF are you smokin' today, Dork?  Is this some obscure celtic joke?

Tue, 08/09/2011 - 19:28 | 1544558 THE DORK OF CORK
THE DORK OF CORK's picture

The dollar reserve is back in business............................

Tue, 08/09/2011 - 08:52 | 1542049 Ganja Jane
Ganja Jane's picture

Junk button, please?

Tue, 08/09/2011 - 08:52 | 1542050 DavosSherman
DavosSherman's picture

and the dumbasses are probably shorting it.

Tue, 08/09/2011 - 08:58 | 1542070 choorles
choorles's picture

when fox news tells you to buy gold.. it is probably time to sell... and buy silver..

Tue, 08/09/2011 - 09:08 | 1542097 Dromen
Dromen's picture

Ok...can someone please explain somthing to me.  Here at work I only have one way to invest in hold and that is the Fidelity Gold Mining Fund FSAGX...problem is there seems to be a huge disconnect between the Fund and the price of Gold...this is very frustrating !!! 

Tue, 08/09/2011 - 09:08 | 1542098 Dromen
Dromen's picture

Ok...can someone please explain somthing to me.  Here at work I only have one way to invest in hold and that is the Fidelity Gold Mining Fund FSAGX...problem is there seems to be a huge disconnect between the Fund and the price of Gold...this is very frustrating !!! 

Tue, 08/09/2011 - 09:19 | 1542142 caerus
caerus's picture

the top holdings in the fund are mining companies...unfortunately the miners are going down with the rest of the market r now...also (the miners) do not always necessarily track the price of gold...they'll do ok later i expect...if you want gold/silver exposure the best way imo is to buy bullion with your extra cash...imo

Tue, 08/09/2011 - 09:45 | 1542220 Smiddywesson
Smiddywesson's picture

Yes and naked shorting is rife among the miners.  TPTB hate bullion and miners, but their ability to fix the price of the miners is much stronger than with bullion.

Tue, 08/09/2011 - 10:41 | 1542420 Long-John-Silver
Long-John-Silver's picture

Mines are subject to nationalization by the host government. Every mine in every country is vulnerable including the USA. The instant the government wants the mine for what has become it's only currency source your stock value goes to ZERO.  

Tue, 08/09/2011 - 09:10 | 1542111 scatterbrains
scatterbrains's picture

DZZ priced like an option that never expires... for those feeling a little bloated with their gold horde.


Tue, 08/09/2011 - 09:16 | 1542128 f16hoser
f16hoser's picture

Odd; they didn't mention Silver going parabolic......

Tue, 08/09/2011 - 09:19 | 1542144 ReactionToClose...
ReactionToClosedMinds's picture

methinks one of the 'dynamics' that is not getting sufficient 'press' in the West (Europe & No. America) is that Asia and So. America, but particularly Asia, is very concerned about inflation and store of value.  This too complicated, behavioral and possibly cultural (also imply historical ..... generation after generation have seen massive instability .... natioanlly, regionally, politically, economically, etc.).

As a demographically broad new global middle class emerges, which is natural enough, you have different patterns & ripple effects emerge .... beileve gold bid panic is part of this.



Would love to see some global bid proportion analysis ... am sure the "West' (here including Middle East) is still driver but have to believe 'Asia' starting to impact more & more


Tue, 08/09/2011 - 09:29 | 1542166 FranSix
FranSix's picture

Some of the forecasts for gold may be completely out to lunch, but others have been much more accurate.  I see the top-calling hasn't changed.

This forecast was published some time ago on

Its looking very much like $1880 is a very good guess.

Tue, 08/09/2011 - 09:48 | 1542232 Smiddywesson
Smiddywesson's picture

If one believes the rise in gold is being fueld by currency destruction, and one has no faith that currency destruction will be reversed, then one has no logical basis for calling a top in gold.  Gold will run right through $1880 because the USD and Euro cannot be saved. 

Tue, 08/09/2011 - 09:30 | 1542169 wombats
wombats's picture

But what is the spot price for tungston?

Tue, 08/09/2011 - 13:38 | 1543107 smore
smore's picture

Ten per ton.

Tue, 08/09/2011 - 09:38 | 1542200 JW n FL
JW n FL's picture



so what they are really saying is..


that the FED and JP Morgan are working together to create a Bubble so that they can create a Panic sale at a later date and force the price back down beyond where it naturally should be.. to obviously re-enforce the position of the dollar in the market place (Globally).


It is never what are they giving you.. it is what are they taking away.

Tue, 08/09/2011 - 09:49 | 1542236 JW n FL
JW n FL's picture

and as Stewie the Pirate mentioned on this posts twin.

no one is mentioning silver, no one is talking it up or down.. and the downward pressure is Very Real!

Gold $1740(ish)

Silver $37(ish)????

are we going for 60 to 1? 70 to 1?

I understand that by allowing Gold to rise that when the JP Morgue + The FED start pouring money down the Money Hole ( ) that the drop in Golds Price will be that much more.. thusly taking that much longer to equalize to its un-inflated, un-restrained price.

but silver has the full set of breaks on.. while Gold is ignored??

"O" now I get it!

Keep silver low! Gold looks parabolic!

it is the cheaper of the two to control plus manufacturing needs.

besides they already let silver go to $49(s) and held Gold down and that didnt work! better to try it this way.

These people who manage this with our Tax Dollars should get a real job.. and NO! this is not a real job and / or God's Work!

Tue, 08/09/2011 - 09:52 | 1542248 Smiddywesson
Smiddywesson's picture

that the FED and JP Morgan are working together to create a Bubble so that they can create a Panic sale at a later date and force the price back down beyond where it naturally should be.. to obviously re-enforce the position of the dollar in the market place

The problem with that argument is that the Fed and JP Morgan don't control everything.  The Fed is at the heart of the conspiracy to hold down gold prices while the central banks of the world buy, but they can't stop other central banks from cheating the conspiracy and buying more than their share.  If the Fed tried to create a bubble in gold and then crash it, the other central banks (like China) would rush in and gobble up bargains.  The ability to manipulte gold lower has reached diminishing returns.  It is not going to crash, period.

Tue, 08/09/2011 - 15:56 | 1543634 JW n FL
JW n FL's picture

it is in the best interests of any "Central Bank" that prints paper to hold the value of Gold Down.. at the risk of de-valuing their own "Fiat" by allowing any great rise in Gold Prices.

Hense, it is not what they are giving.. but what are they taking.

Tue, 08/09/2011 - 09:41 | 1542210 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

*****Top 5 Places "Not To Be" When The Crash Comes

""The dollar collapse will be the single largest event in human history. This will be the first event that will touch every single living person in the world. All human activity is controlled by money.....""

*****Why Speculators Should Sell Their Gold Now

""looking back five or 10 years from now, this is likely to be viewed as yet another investment mania. (Bear in mind that in 2005, investors made up 16% of the demand for gold. Today, it’s more than 40%....""

*****OT: Film Festival Short

The Creek...

Tue, 08/09/2011 - 10:12 | 1542311 Smiddywesson
Smiddywesson's picture

Arch Duke,

I read the Alexander Green article on why investors should sell their gold.  Aside from the fact that the advice would have been wrong when given, the arguments still are unconvincing.  This is not the 70s or the 80s.  The currency is being destroyed and we cannot ever honor our debts. 

The arguments about "printing" not creating inflation are half right and half wrong.  The "printed" money went to the banks with the intention to keep that money off the streets and just in equities, where inflation could be created that benefited the banks, and only the banks.  Unfortunately, it still seeped out into the commodities market where we clearly do have inflation.  More importantly, worldwide inflation was created which has had a dramatic effect overseas.  This process is driving the price of gold.

I found the argument that it was worthless to compare gold prices of the past in today's dollars perplexing.  This is the only worthwhile method of comparing todays dollars. 

The problem with calling a top, whether in today's dollars or some other method, is the yardstick which we are measuring gold prices, the USD, is shrinking.    There is no top for gold until there is a stable currency.

Tue, 08/09/2011 - 10:23 | 1542357 Smiddywesson
Smiddywesson's picture

good article on the 5 places not to live after the collapse.  Best observation:

To sum up, those areas that have lived highest on the hog in the dollar paradigm will most likely be the worst places to live when the dollar collapses.

Do NOT follow this link or you will be banned from the site!