| I was talking with senior reporter Dan Freed about the announcement JPMorgan Chase made about exiting its physical commodities business. From the 1980s up until the late 2000s, the trend for investment banks was to buy various physical assets in commodities in order to augment the financial proprietary trading that most of the big banks were engaged in.
That may sound complicated, but the idea is simple: You can be a more successful trader in the financial instruments related to oil, copper, aluminum and gold if you also have the insight from a connection to the physical trade of those commodities...............................................Full Article: Source
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