copper and nickel

AVB's Copper and Nickel prospects are looking even tastier if the possibility of these ETFs backed by physical metal is true. JP Morgan purchased GBP1.5billion of copper or 50-80% of the reserves on the London Metal Exchange (telegraph) ..IMO, I cant see any other outcome than prices (and AVB SP) heading upwards further..

"Last month metal traders wrote to the Financial Services Authority (FSA) claiming that licensing the funds, which are also likely to be launched by BlackRock, Goldman Sachs and Deutsche Bank, may amount to "approving the next financial bubble".

It is estimated that if the copper funds are fully subscribed they would be looking to buy more than half the total stocks in LME warehouses.

Traders' concerns are based on the ETF model that will require the investments to be backed by physical metals, such as copper, lead, aluminium and nickel, rather than paper assets offered by futures contracts."

http://www.telegraph.co.uk/finance/newsbysector/industry/8180304/JP-Morgan-revealed-as-mystery-trader-that-bought-1bn-worth-of-copper-on-LME.html