jim4silver
Silver Member
- Apr 15, 2008
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- #21
But JPMorgan is supposedly getting out of the physical commodities business because it is not "profitable enough".... Hmmm, I guess manipulating prices for profit doesn't actually work that well after all. [insert sarcasm icon here]
I wonder if "profits" really has anything to do with it (I don't think it does). Looks like something might be coming by way of new regulations or un-doing old ones. Other large "banks" are talking about getting out too, not just JP Morgan from what I have been reading. I wonder if whatever is coming is good for gold and silver?
Fed Should Reverse Commodity Policy, CFTC?s Chilton Says - Bloomberg
Just my opinion.
Jim
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