GOLD to $6,000?

It is official.  Five-time convicted felon and the most corrupt precious metals trader in the world (JP Morgan Chase) now says that Gold will go to $6,000.

 

Five time convicted felon?

Surely you jest.

And when are they saying it will hit $6,000?

 

If you take the time to research it you will find that JP Morgan (aka “The Morgue”) is a five-time convicted felon who paid over $30 Billion if fines for their role in the 2008 mortgage crisis AND for manipulating the price of gold and silver.

 

Controlled Takeover

 

And their controlled takeover of the gold and silver market was launched into the big league when they gobbled up the remains of Bear Stearns hefty silver positions. *

(* Note:  Bear was forced into bankruptcy by “the Morgue” in March 2008 not too long after Jim Kramer screamed how Bear Stearns was a great buy…and, NO, I’m not making this up)

 

So, when you hear stories coming from interested parties like JPM, you would be wise to assume they already have tons of gold (literally) in their possession.

 

This is a classic example of “Talking Your Book” to help move the price up.

 

Gold to $6,000!

 

And, as usual, they have indicated their caveats about the price by saying:

 

“[W]e now believe that the target [for gold] is probably closer to $4,200 with a possibility of going as high as $6,000 by the end of 2029.”

 

Ironically (or NOT) as of April 22nd, JP Morgan officially added its name to the growing list of institutions forecasting a dramatic repricing in gold.

And according to the bank’s latest note, gold is set to cross the $4,000 per ounce threshold by the second quarter of 2026.

But, But, Gold is knocking on the door of $4,000 and we’re still in 2025.

 

Translation: “We (JPM) don’t want gold to move up too fast because we’re still trying to buy as much as possible before the average Joe decides it’s time to buy.”

Remember when Buffet and his side kick Mr. Magoo said you shouldn’t buy gold?

 

 

 

This $6,000 upper bound matters for two reasons.

First, it signals JPMorgan’s willingness to publish a dated price path, whereas Jefferies’ earlier $6,571 call just last week was left open-ended.

Second, it marks a competitive escalation among banks in formally raising targets, after years of restraint.

 

Translation: The banks are scared that the price of gold will get away from them and they won’t be able to manipulate it as they have in the past.

 

This begs the question we have been asking for a long time.

 

Got GOLD and/or Gold stocks?

 

 

 

Be sure to read our upcoming October newsletter (HERE) where we will review our gold holdings/recommendations and their upside potential.

And reminding you that it’s not too late to get in on what we believe could be an historic rise in gold and silver.

 

Share this with a friend…especially if they keep saying: “I shoulda, coulda, woulda bought some gold when it was cheap.”  They’ll thank YOU later.

 

And tell them:

 

We’re Not Just About Finance

But we use finance to give you hope.

“And you shall know the truth, and the truth shall make you free.”

~John 8:32~