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Author	Replies: 7 / Views: 1,645
kitsy Valued Member Canada 182 Posts	Posted 01/26/2013 6:45 pm http://news.yahoo.com/sec-approves-...-sector.html * Moved by Staff to a more appropriate forum. * Report this Post to the Staff

doubleeagle59 Pillar of the Community Canada 2495 Posts	Posted 01/26/2013 7:00 pm Another metal ETF JPMorgan can manipulate. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 01/26/2013 7:28 pm Copper price takes so long to go up I'm not sure its worth it, then again this could have been what it needed to climb in price which overall isn't really a good thing Report this Post to the Staff
kavern23 Valued Member Canada 78 Posts	Posted 01/26/2013 7:35 pm This is a fad caused by low interest rates....if interest rates were 5%....let's see the demand to store copper in warehouses. Report this Post to the Staff
yup7676 Pillar of the Community United States 3789 Posts	Posted 01/26/2013 11:41 pm This has been in the works for a longgg time so this is no surprise I was told this would be out in the coming weeks. I for one look forward to trading it. Doubtful it impacts copper prices going forward. EVen with an improving global economy, unless someone else embarks on another huge building cycle copper isn't going anywhere fast for now. Report this Post to the Staff
denco7 Pillar of the Community United States 2543 Posts	Posted 01/27/2013 01:03 am Can't wait to stock up on a stack of 1 avp oz coins for 23 cents each, and watch the value skyrocket up to 40 cents a piece. Edited by denco7 01/27/2013 01:04 am Report this Post to the Staff
EPete New Member United States 6 Posts	Posted 01/28/2013 10:12 pm Those big banks really know how to make money. This is a huge win for them. Now they can go out an buy a huge chuck of physical copper without any regulatory issues and start manipulating the price of it. They will make some good money and all of the rest of us will feel it when anything copper becomes more expensive. It will be interesting to see how the regulators feel about this decision in a few years. Report this Post to the Staff
RogerD Valued Member Canada 491 Posts	Posted 01/28/2013 11:24 pm Okay, so JPM can now try to manipulate copper even more. Not sure if anyone was watching the prices in 2010/1 but manufacturers were in an uproar because JPM owns lots of metals warehouses and delayed delivery times while charging the owners of the metals for the extra time the metals stayed in their custody. The SEC was involved in the investigation, as such several Corps went to the media and had it splashed around to rouse the SEC, Dodd & Frank were brought in on the issue as well. Coca-Cola was one of the companies not getting their metal. Report this Post to the Staff
	Replies: 7 / Views: 1,645

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