Jp Morgan Chase Suspected Manipulate The World Silver And Copper Markets

By Himfr Cars

December 21, the London Stock Exchange (LME) released a report that has a seat in the LME’s copper trading positions to account for 80% -90% of the total. Such positions equivalent to all the world’s stock exchanges up half of the total copper, JP Morgan accused of being the owner of the seat.

The announcement was made by the world’s most visited Wall Street, the burst of independent financial Zerohedge. Zerohedge also said that if JP Morgan Chase to make any rebuttal, they will “immediately retract his allegations.”

December 21, General Administration of Customs of China announced on the day of data, the Chinese copper imports in November increased by 37% compared with October, then in London and New York copper markets soared, and create a record high. London Metal Exchange (LME) three-month copper contract rose 1.6%, to close at $ 9,353 per tonne.

In addition to supply and demand-led price changes, the exchange of the “banker” can not be ignored.

JP Morgan recently said it would launch an in-kind support of the copper ETF (open-ended index fund trading), then, the market has been rumored that JPMorgan Chase may be the biggest buyer of LME copper contract, that the ETF launched in advance of the layout.

The face of widespread doubt, JPMorgan Chase said last week that the company’s positions in LME copper, “not more than 90% of the total,” Reuters when asked whether the proportion of its copper positions less than 90% of the company also declined comment.

China is the world’s largest copper consumer, demand for copper is growing. This year, copper prices have risen by about 27%, making China the need to pay a higher cost.

Meet the Press in mid-November conference, JP Morgan Chase, said in Beijing Jing Ulrich, managing director, optimistic about the trend of copper, “copper from the medium to long term I am very optimistic.” She said that the main copper is optimistic about the future of China for copper high demand, while at the same time, global copper output growth is very small, mining project postponed again and again, supply is very tight.

“The demand for copper wire from the power grid and the construction, automotive, air conditioning and home appliances, business needs drive the consumption of copper. Of course, infrastructure construction, including high-speed railway, subway, the construction industry, and China copper deficiency In the case of imports remains high, the copper price performance of such a fine is not difficult to understand. “she said.

Since March this year, Zerohedge also published many articles consecutive JP Morgan accused of manipulating the silver market. To the end of October and early November, from New York and Florida, two traders notice directly to JP Morgan Chase to court, claiming the silver market manipulation which led to their losses in silver trading. November 2, Florida, traders Ereli Faulkner text (Eric Nalven) is also mentioned in the indictment, trader at JP Morgan JP Morgan himself told the informant that in the silver market manipulation, price rigging has also boasted to them bring huge benefits.

About the Author: My name is Himfr Cars, I am a editor from qualitymp3player.com, and what I do is just to prmote a free online trade platform. http://www.qualitymp3player.com/ contain a great deal of information about

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