First Trust ISE Global Copper Index ETF

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  • May 16, 2011, 8:54 AM

    The PBOC has apparently put the screws to a scheme where firms purchased copper to use as collateral for below-market financing. This may explain the downturn in demand (and price) for copper. Michael Pettis says companies are already busy figuring the next way to "innovate" around credit growth tightening measures.

    | May 16, 2011, 8:54 AM
  • May 13, 2011, 8:16 AM
    Only 24 hours ago threatening to take out lows going back to November, copper continues a sharp reversal, back over $4.0/lb. Copper traded in Shanghai is in backwardation, indicating at least near term supply tightening. Could Freeport-McMoRan (FCX) bounce hard off the $48 level again?
    | May 13, 2011, 8:16 AM | 1 Comment
  • May 11, 2011, 7:48 AM

    Not participating in the moderate recovery in commodity prices is copper, whose fall today puts the metal near last week's lows. Still-perky Chinese inflation is leading to fears of more monetary tightening, even as signs emerge that growth is slowing.

    | May 11, 2011, 7:48 AM | 1 Comment
  • May 5, 2011, 4:17 PM
    Not as splashy as the move in some other commodities, but Dr. Copper has "fallen through support," as the technicians like to say. Unable to get out of its own way for a couple of months, the sometime economic bellwether closed below $4/lb. for the first time since December. Next stop $3.60? JJC -3.7%, FCX -2.5%.
    | May 5, 2011, 4:17 PM | 1 Comment
  • May 2, 2011, 10:42 AM

    Aiming to make up for decades of underinvestment, Chile plans to pour billions into state-owned Codelco's giant Chuquicamata copper mine to crank production higher. Fund manager Walter Hellwig isn't buying it. "(Codelco) exists to provide cash flow to the government...  all too frequently, that is at the expense of the business."

    | May 2, 2011, 10:42 AM
  • May 1, 2011, 8:08 PM

    "These record-high levels are probably not sustainable," says Jan du Plessis, CEO of Rio Tinto (RIO), talking about base metals prices. While remaining confident of continuing strong demand from China and India, du Plessis, is prepping his firm's balance sheet for falls in copper and iron ore.

    | May 1, 2011, 8:08 PM | 1 Comment
  • Apr. 26, 2011, 1:02 PM

    Barrick's (ABX -3.1%) bid for Equinox could be a signal the company thinks gold prices are too high and wants to diversify from the metal, says John Licata. Jonathan Barratt disagrees, seeing the move as a bullish bet on copper, rather than a turn from gold.

    | Apr. 26, 2011, 1:02 PM
  • Apr. 11, 2011, 12:27 PM
    After a 25% gain in less than 5 months, Goldman closes one of its top trade ideas - a long basket of crude, copper, cotton/beans, and platinum. While believing the trade has additional upside potential, the risk/reward is not nearly as enticing. A few relevant ETFs: USO, JJC, BAL, PTM.
    | Apr. 11, 2011, 12:27 PM | 1 Comment
  • Apr. 6, 2011, 3:50 PM

    Feeling their oats given strong copper prices, powerful demand, and high stock valuations, Freeport-McMoRan (FCX) and Xstrata (XSRAF.PK) are on the lookout for acquisitions. While FCX is only interested in a large deal, Xstrata is focused on smaller, developing situations.

    | Apr. 6, 2011, 3:50 PM
  • Feb. 9, 2011, 10:10 AM

    Any teetering in the price of copper miners due to higher rates in China may be a buying opportunity, according to Daniel Moser. As long as the yuan peg remains, U.S. monetary policy (easy) becomes China's, plus supply constraints aren't going away. COPX -1.0%. FCX -1.2%. SCCO -0.9%.

    | Feb. 9, 2011, 10:10 AM
  • Feb. 4, 2011, 12:36 PM

    Heavily dependent on copper, Chile would seem blessed by record prices, however those same prices are putting upward pressure on the peso, hurting exporters across a wide range of industries. The Chile ETF (ECH) is off 16.3% YTD.

    | Feb. 4, 2011, 12:36 PM | 1 Comment
  • Feb. 3, 2011, 8:10 AM
    After climbing 30% in 2010, copper continues its ascent, reaching a record $10,000 per metric ton as investors bet the global recovery will lead to increased demand for industrial metals. Copper supplies this year could fall short of demand by 822K tons, more than double last year's deficit.
    | Feb. 3, 2011, 8:10 AM | 1 Comment
  • Jan. 27, 2011, 2:31 PM

    An analyst from Canada's Brockhouse Copper notes that the typically tight relationship between the price of copper on the LME and in Shanghai has broken down. The last 2 times this divergence occurred marked significant tops in the metal's price. JJC +1.1%. FCX -2.8%.

    | Jan. 27, 2011, 2:31 PM
  • Jan. 27, 2011, 10:09 AM

    Unconcerned that China and India are tightening monetary policy, Jim Rogers sees commodities as a win/win investment. “If the world economy gets better, commodities are going to make a fortune. If the world economy does not get better, commodities are the place to be because they are going to print more money."

    | Jan. 27, 2011, 10:09 AM | 4 Comments
  • Jan. 25, 2011, 12:16 PM

    Futures markets are expecting a fall in the price of copper, but Robin Bhar of Credit Agricole sees a widening supply deficit as reason the highs have not yet been hit. In the meantime, the worldwide scramble for supplies continues. JJC -3.0%. FCX -2.9%.

    | Jan. 25, 2011, 12:16 PM
  • Jan. 20, 2011, 2:17 PM

    Société Générale sees overheating in China reaching "peak frenzy" in mid-2011, followed by a sudden reversal which could see bank shares fall 50-75% and copper halved. True inflation - measured without the benefit of price controls and rejiggering - is closer to 8%.

    | Jan. 20, 2011, 2:17 PM
CU Description
The First Trust ISE Global Copper Index Fund is an exchange-trade fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of an equity index called the ISE Global CopperTM Index.
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