Once gold hits $332, JP Morgan will likely have to default on its gold derivative (short) positions, meaning they will need the biggest bailout in world history to stay alive...
Thanks for the "short explanation"...I saw the GATA guy on C-Span this a.m. but am too ignorant to understand the implications of what he was saying! I will check out the site, as it sure sounded like there was some dangerous skulduggery going on...