Guess Which "Bearish" Bank Bought A Record Amount Of GLD In Q2

[aeondaze]

Guess Who?

http://www.zerohedge.com/news/2013-08-30/guess-which-bearish-bank-bought-record-amount-gld-q2?page=1

[Serpo]

the bank was telling its clients to "sell, sell, sell" it was itself "buy, buy, buy"-ing the Gold ETF (GLD) with both arms and feet.

[ximmy]

they would not do that. banks are your friends...

[Neuro]

I guess it is not quite as bad as recommending your clients to buy trenches of loans that you have issued, and then shorting those loans.

[aeondaze]

I guess it is not quite as bad as recommending your clients to buy trenches of loans that you have issued, and then shorting those loans.

I agree. Though I think its in chapter 5 of their morals and ethics code book, while the previously mentioned play is in chapter 1.:rolleyes:

[Twisted Titan]

Now why why Banks be buying that Barberous Relic hand over fist??

Keynes must be spinning in his grave at such a spectacle.

Eh not.