JP Morgan Chase, Goldman Sachs and other major international investment bank is planning to introduce spot copper ETF funds (open-ended index fund trading), and begin buying massive amounts of copper. Therefore, the market appears to predict the future price of copper will be turbulent, the spot copper ETF fund is likely to be the next wave of financial bubbles outpost.
launched three institutions to apply for spot copper traded fund
According to foreign media reports, this year in October, there have been three agencies to apply to the SEC launched the spot copper trading ETF funds. JP Morgan's stock fund will be 61,800 tons of copper copper-kind support; BlackRock's iShares Copper Trust will hold 121,200 tons of copper; ETF Securities will also establish a fund, but that will hold the number of tons of copper.
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· LOF ETF fund list the fund industry with the coaching change storm blowing frustrated New Zealand Silver 1: three weeks is only 25 times raise 200 million new shares based busy carrying 79 billion capital investment director Jiancang Debate six investment strategies in 2011 the largest 210 private 赔本赚吆喝 short-term loss of 63% of the Fund ranked 9 trading days upheavals [and hearing that] the project is scheduled to vote to modify custom
Another source said, Goldman Sachs and Deutsche Bank also intends to launch spot copper ET F Fund program.
According to reports, spot copper ETF Fund is not just a piece of paper futures contracts, but allows individual investors to invest in stored in London Metal Exchange copper warehouse stock. This means that ETF trading must have a physical copper as a backup, and this will push up the price of copper.
Insiders pointed out that copper producers and buyers are concerned about the actual user of the inventory, if the current stock is traded fund ETF that occupy the manufacturer will not be put into production, the phenomenon of copper market is very dangerous, prone to sharp price fluctuations.
British
JP Morgan accused of hoarding a large number of copper
international investment bank plans to introduce spot copper ETF Fund news, making the recent mysterious buyer in the international copper market the reasons behind the excessive accumulation of copper floats water.
London Metal Exchange (LME) trading records show that a mystery buyer bought in November 23 worth more than 1.5 billion in copper, accounting for 35 million tons of the stock exchange for 50% to 80%, at least 17 million tons. The deal immediately sparked worries of a shortage of supply of copper spot copper prices pushed up immediately to $ 8,700 per tonne, the highest in October 2008 the highest price since the financial turmoil.
British
and Goldman Sachs bought a large number of companies are likely to join the ranks of copper. The company on Dec. 1 of the report, the company expects in December 2011 the international price of copper will rise to $ 11,000 per ton, so buy next December copper futures contract for delivery in the field of commodity investment proposals of the seven one.
Major Royal Bank of Scotland analysts said the news of the mysterious buyer of copper accumulation caused the market is able to react violently, mainly because the market does not stock large quantities of copper, supply prone to tensions.
supply and demand will expand
6, Bloomberg News said the Exchange this year's global copper inventories have dropped by 22%, the biggest drop since 2004. High copper prices are expected to be the
Bank of America, Merrill Lynch analyst Michael Wade Mo metal that may be the next world record low stocks of copper fell to less than a week of use.
charge of JPMorgan Chase in London, about 80 billion in assets 伊恩亨德松 also believes that of very small
the parties to determine the current, even if just from the fundamentals to determine next year, copper prices will climb even further. At the International Copper Study Group in Lisbon on November 23 of the report shows the first 8 months of this year, the global copper supply gap to reach 363,000 tons. Barclays Capital November 11 report shows that copper demand will increase next year by 4.2%, while global production increased only 2.6%.
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