Metals have always gone off-warrant when the curve or cost pressures dictate. This seems to be nothing more than a strategic response to LME rules.
============= Well, not to worry, silver, gold are both in long tern uptrends[charts , all price data Some could be accumulating on the sly/cheap; dont advertsie that much,LOL No lead mentioned???
Read it carefully. http://www.rollingstone.com/politic...a-banks-most-devious-scam-yet-20140212?page=2
First, the Kochs. Everyone's favorite enemy. Practically every other firm in the physical market was taking advantage of this trade, hardly just the Kochs. Freight rates went parabolic during the 07/08 contango and subsequently crashed 90+% when the curve flattened. Anyone who references this occurrence as "manipulation" and tries to spin it as the Kochs removing supply to raise oil prices loses all credibility. Wow. CME choosing to list a basis contract on an illiquid hub in an illiquid commodity is bullet-proof evidence of corruption and manipulation. Based on that logic, I know a few hundred other hubs falling victim to the same shenanigans. This article is written by an amateur for the benefit of his lemmings.
Look....based on the emerging market crisis, copper should be WAY under $3.00. But it continues to hold day after day....and LME stock levels continue to decline. This really does give an appearance of the stocks moving from "visible" to "hidden". Net result: Copper supplies APPEAR to be tight.