Discussion in 'Metal Futures' started by Daal, May 4, 2007.
Contract is too expensive and I dont want the leverage
Deutsche Bank has a "Base Metals" ETF.
PowerShares DB Base Metals (DBB) - http://finance.yahoo.com/q?d=t&s=DBB
Copper stocks. Freeport-McMoRan Copper & Gold Inc. symbol FCX.
(1) You don't want the leverage? Just reduce your position size(provided that you're not trading one-lots). (2) It's said that at current levels, pennies have more than 1-cent worth of copper in them. You could do the "penny arb" versus scrap metal if you can convince banks to give you sacks of pennies in exchange for cash. Try it out.
even one contract is too much for me. the second option is illegal
Damm! Daal knows his federal statutes.
Why is it illegal?
Is there are countries where it's legal?
Why don't you try the Comex Mini Copper contract?
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