Copper ETF Plan

[jeff of pa]

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.

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[Marchas45]

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.

 

[MoneyPit69]

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.