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JP Morgan (JPM) is among several suitors for MF Global's (MFGLQ.PK) 4.7% stake in the London...

JP Morgan (JPM) is among several suitors for MF Global's (MFGLQ.PK) 4.7% stake in the London Metals Exchange, reports say. Buying the holding would increase JP Morgan's ownership to 10.9% and alter the dynamics in the £1B ($1.6B) takeover battle for the 134-year old institution.
Comments (2)
  • WMARKW
    , contributor
    Comments (10579) | Send Message
     
    Gee.....I wonder why JPM would want to increase their ownership interest in the LME?

     

    Perhaps the only reason is to continue/enhance their ability to maniuplate the gold and silver markets.
    20 Nov 2011, 07:15 AM Reply Like
  • kmi
    , contributor
    Comments (4094) | Send Message
     
    Yeah, that's worrisome. Silver, Aluminum, Oil... manipulated to hell... reason copper is still meaningful as an analysis tool is because the market is too big to be pushed around by a JPM or GS....
    20 Nov 2011, 08:37 AM Reply Like
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