Quote Originally Posted by STRAT View Post
Hi Hoop. The big questions are how long will it last and who is pushin it up eh?

This from here

http://m.theaustralian.com.au/Opinio...0/fi232601.htm

COPPER'S too tight, according to the analysts at BNP Paribas in London. The red metal finished at a heady $US9070 a tonne on Friday, but BNP produced a couple of interesting figures. You could buy all the copper now in London Metal Exchange warehouses for a little more than $US3 billion, which is not a lot of money when you're talking international speculation.
Earlier this month, it was reported by The Wall Street Journal, and several London newspapers, that JPMorgan had grabbed half the LME copper stock for about $US1.5bn. This set the internet metals sites afire with speculation. But last week, according to a Reuters report, JPMorgan denied it had amassed a large copper forward position. Yet LME data shows that 90 per cent of all the copper in its warehouses and cash contracts is controlled by a single entity. The interesting thing about JPMorgan's denial is that it only said it did not hold 90 per cent -- but would not provide any comment on whether it had a dominant position.
I wouldnt have thought you techies would care what was kicking its tyres, dont you lot jump on & ride it blindly?