In any case, we’ll continue to research any leads onto which banks could be most affected by the scandal and a short-selling strategy to profit from the coming fallout. If we were forced to choose a culprit right now, we’d say Bank of America, JP Morgan or Goldman Sachs could very well be at the forefront of the scandal. Keep in mind however; that there are no innocent banks-- this scandal could have implications a large portion of the sector. It looks like their will be easy profits to be made, especially for banks closer to their 52 week highs.

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1 GLD 118.92
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