Billion-dollar bet on copper this week

[reddirtcoins]

I'm surprised because this is total opposite of what I have been reading all of this year.

http://www.reuters.com/article/2013/12/ ... FG20131220

[blackrabbit]

Very interesting. Thanks for the link.

[ZenOps]

Is JPMorgan back? $753 million would be very easy to attain if they win their lawsuit against the FDIC.

BTW: Now is the time to be a little bit more worried about the banks if you are in the US, even though the FDIC insurance is absolutely miniscule - it does provide a limited amount of safety net against a bank run.

[reddirtcoins]

I know they got the green light for the exchange-traded fund for physical copper. Maybe it is them.

[68Camaro]

Not saying this was them, but the Chinese are heading this direction in a number of commodities besides PMs, converting FRNs to various physical items needed for manufacture, as they think the price becomes attractive. For example, indium...

http://www.metalbulletin.com/Article/32 ... ndium.html

(The article says the offer is below spot, but they've offered 724 and spot seems to be around 675, so not sure where the disconnect is.)

[coppernickel]

Think we will see a rise in copper prices or will we see the same reaction as the silver is seeing?