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Got Copper? 80% of London Copper Market Cornered in Warehouses - UPDATE- by JPMorgan

MsMorrisineMsMorrisine Posts: 33,352 ✭✭✭✭✭
80% of London's Copper Market



manipulation?


sure.



could it be happening in gold, silver, platinum and palladium?

Current maintainer of Stone's Master List of Favorite Websites // My BST transactions

Comments

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    LOL...are you asking me?

    Ag manipulation
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • AUandAGAUandAG Posts: 24,792 ✭✭✭✭✭
    Copper closed at $3.99 lb so I'd say that investor has a bunch of $$$$ tied up!

    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • Monday could prove to be a VERY interesting day.
  • razzlerazzle Posts: 987 ✭✭✭
    The same one that's short of silver is V-E-R-Y LOOONG on copper!

    peeky boo
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • Just some weird thoughts on a Saturday Night.

    Since it is widely known that JP Morgan-Chase has been allowed to manipulate the Gold and Silver market for decades.
    with the blessings (Behind the scenes of course) of the Government.To the benefit of the fiat currency currently
    being used here and ultimately the Government. Would it not be a good strategic move to try to be able to
    position it's self to be able to manipulate other strategic metals such as Copper and Nickel.
    With the current fiat currency war going on behind the scenes between The U.S. and China
    what better way to have a bargaining chip with an emerging economy that is in a currency war with you.

    " Back off the Currency attacks or we will manipulate upwards the price you have to pay for Copper"
    Among other strategic material that they will try to gain control of soon I am sure if this works.
  • MsMorrisineMsMorrisine Posts: 33,352 ✭✭✭✭✭
    JPMorgan wouldn't be cornering the market for the good of the overall market would they?

    JP Morgan revealed as mystery trader that bought £1bn-worth of copper on LME
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • 57loaded57loaded Posts: 4,967 ✭✭✭
    JP Morgan has ALL the power. PERIOD. The White House cannot, the Senate cannot, the House cannot, the Supreme court does not
  • percybpercyb Posts: 3,328 ✭✭✭✭
    Who are the major industrial and manufacturing corporations that need copper?
    "Poets are the unacknowledged legislators of the world." PBShelley
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭


    << <i>Who are the major industrial and manufacturing corporations that need copper? >>



    The Wee Flungg Dungg Mint of Shainghai, PRC?
    They use them to make silver coins, you know......

    image
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • MsMorrisineMsMorrisine Posts: 33,352 ✭✭✭✭✭
    people complain about government intervention and want free market

    but this makes a good case for position limits.


    JPMorgan certainly is not a copper consumer at all.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    This could be a good way to balance losses in other metal positions.

  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    Where can you find a copper spot price on KITCO?
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • BigEBigE Posts: 6,949 ✭✭✭

    I dont remember there being a copper spot price, could be old age though----------------BigE
    I'm glad I am a Tree
  • BigEBigE Posts: 6,949 ✭✭✭
    Would be by the pound?--------BigE
    I'm glad I am a Tree
  • Where can you find a copper spot price on KITCO?


    Copper
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    Just curious . . . In what form is the copper on the exchanges, i.e. bricks, wire, sheets, etc.?

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭


    << <i>Where can you find a copper spot price on KITCO?


    Copper >>




    thanks!
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    Well, the news sure didn't affect the copper prices..........
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Good to know that it's not some rogue trader with "bad" intentions who owns this huge copper position, but our friendly local bank JP Morgue. Carry on.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭


    << <i>Where can you find a copper spot price on KITCO?


    Copper >>



    Nice move today.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    Now up about 15 cents since the big purchase.
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    Now up about 19 cents since the big purchase. Could affect all commodities.

    From Kitco:

    link
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    ttt
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
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