Intrigue in the Copper Market

Posted by

I have a piece up at CNBC this morning about copper’s recent run up and the sizable mystery buyer behind it.  We’re about to get not one, but two physically-backed copper ETFs.  The speculator class is already abuzz with how these two instruments may affect the metal’s pricing.

Here’s the story:

According to reports in the Telegraph, last week a mystery buyer stepped into the LME pits with a massive $1.5 billion purchase of copper- equal to “between 50pc and 80pc of the 350,000 tonnes in reserves”.

Many on the LME suspect that this mystery buyer is actually JPMorgan and that the bank is positioning itself ahead of their copper ETF launch. This pushed up the metal’s price to its highest level since the Lehman Brothers meltdown in September of 2008 (over $8700 per tonne).

And this kind of action could be just the beginning…

Read More:

The Financialization of Copper (CNBC)

This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this “post” (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Ritholtz Wealth Management employees providing such comments, and should not be regarded the views of Ritholtz Wealth Management LLC. or its respective affiliates or as a description of advisory services provided by Ritholtz Wealth Management or performance returns of any Ritholtz Wealth Management Investments client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Wealthcast Media, an affiliate of Ritholtz Wealth Management, receives payment from various entities for advertisements in affiliated podcasts, blogs and emails. Inclusion of such advertisements does not constitute or imply endorsement, sponsorship or recommendation thereof, or any affiliation therewith, by the Content Creator or by Ritholtz Wealth Management or any of its employees. Investments in securities involve the risk of loss. For additional advertisement disclaimers see here: https://www.ritholtzwealth.com/advertising-disclaimers

Please see disclosures here.

What's been said:

Discussions found on the web
  1. w88 commented on Sep 21

    … [Trackback]

    […] Read More to that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  2. evolution brokers review commented on Sep 30

    … [Trackback]

    […] Find More Information here to that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  3. 안전놀이터 commented on Oct 19

    … [Trackback]

    […] Info to that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  4. rbc sign in online commented on Nov 27

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  5. 토토 commented on Dec 14

    … [Trackback]

    […] Find More on to that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  6. DevOps Services commented on Jan 12

    … [Trackback]

    […] Find More on that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  7. cheap wigs commented on Jan 15

    … [Trackback]

    […] Info on that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

  8. Kramer 610R manuals commented on Jan 19

    … [Trackback]

    […] Read More on to that Topic: thereformedbroker.com/2010/12/06/intrigue-in-the-copper-market/ […]

HowIInvestMyMoney