Knowing JPM what they probably meant was they were both long and short gold.
The “elite” are rearranging the deck chairs for their comfort while j6p has a very uncomfortable time in steerage, but I believe in the end we are all in the dumper unless transparency, honesty and ethics once again are a hallmark of our government and economy.
I think that the main question is going to be, HOW bad is it going to get? My hubby and I are doing what we can, but planning for the fact of a future worthless currency with a young teenager growing up to care for, well, I just wonder how much us “little people” can really do. Some, but enough? Time will tell.