28.10.2010 - Decoding ETFs activity in base metals
From Seekingalpha.com: Even as Copper prices fell on Tuesday after the rise of the US dollar, retreating from a 27-month peak hit earlier in the session and tracking choppy currency trading ahead of a key Federal Reserve meeting next week, the launch of new physically backed exchange-traded products [ETPs] in industrial metals is dominating base metals market and generating a lot of speculation about their effect on prices and demand. Tight Supplies Helping Copper: Supply shortages have been a major factor behind the surge in copper prices due to a combination of falling ore grades in major producing nations, labour problems and project delays..............................................Full Article: Source
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