Holding Together

The waters on the surface of the earth flow together wherever they can,

as for example in the ocean, where all the rivers come together.

Symbolically this connotes holding together and the laws that regulate it.

Natural resource and commodity issues on a global and local level.

















Wednesday, December 22, 2010

Copper and the single trader

SAN FRANCISCO (MarketWatch) — A single trader holds up to 90% of the copper in London Metal Exchange warehouses, the Wall Street Journal reported late Tuesday.

The news came after copper prices hit a record and other commodities surged. Read about metal gains here.

The London Metal Exchange reported Tuesday that the trader holds 80% to 90% of the copper in its stockpiles, which is equal to about half of all the exchange-registered supply of the metal in the world, the Journal said. The position is worth about $3 billion, it added.

full story

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