7. Someone has A LOT of copper

Jan. 1, 2011

And speaking of the price of copper, it was reported at the very end of 2010 (and most of us learned early this year) that a single trader held half of the world's exchange-registered copper stockpile. The trader, whose holdings at that time were valued at approximately $3 billion, was rumored to be J.P. Morgan Chase & Co.

More recently, we reported on the recent drop in copper prices but no corresponding drop in copper-cable price.

Pictured above is the Chuquicamata copper mine in Chile.


>>Click here to advance to Scary Thing #8.>>

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