May 24, 2012, 04:25 PM
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Copper ETF Plan
In a letter to the Securities and Exchange Commission, lawyers representing the copper consumers say the impact of the ETF on the copper market would be comparable to the Sumitomo trading scandal of 1995-96, which sent prices sharply higher.JPMorgan is among several groups trying to capitalise on investors’ interest in industrial metals by launching a fund that allows them to access physical copper directly.
May 24, 2012 04:25 PM
May 24, 2012, 05:25 PM
Yea let JPM in and watch the paper prices climb with all the Manipulation. They need money to make up the losses of $8.5 Billion and climbing in the Derivatives Market. Makes me sick.
May 27, 2012, 12:23 AM
Once they create this ETF they will beable to manipulate copper in the same fashion they have been manipulating silver. Of course JPM is interested, they are the main manipulators of the silver market.