Originally posted by RichardCranium
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Mystery trader captures 80pc of London's copper market
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Originally posted by AtW View PostAccording to the rules of the London Metal Exchange, the trader must lend out copper if it holds between 50pc and 80pc of the total to maintain day-to-day liquidity in the marketOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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It's not longer a mystery.
JP Morgan revealed as mystery trader that bought £1bn-worth of copper
Stupid speculators.
I'm not expert but the world stock of copper but Bolivia is practically made out of it. Just who are they trying to hold to ransom?
This pushed up the price for the immediate delivery of copper to $8,700 – its highest level since the financial crisis in October 2008.
A high premium on the spot copper price normally reflects fear of a shortage of the metal,JP Morgan panicking? Trying to make money before their inevitable losses on Silver."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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"A life, Jimmy, you know what that is? It’s the s*** that happens while you’re waiting for moments that never come." -- Lester FreamonComment
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I've got some old pipes in the back yard. Do you reckon I should phone JPM?What happens in General, stays in General.You know what they say about assumptions!Comment
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