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Copper ETFs Fall To 14-Month Lows On Economic WorriesJohn Spence • Mon, Sep 26, 2011 -
Copper ETFs Fall On Recession WorriesTom Lydon • Thu, Sep 8, 2011
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Behind the iPath Copper ETN’s Impressive RallyEric Dutram • Mon, Oct 18, 2010 -
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iPath Copper ETN: Forging Ahead or Under Pressure?Tom Lydon • Thu, Feb 25, 2010
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There are no Transcripts on JJC.
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at MarketWatch.com (Jun 3, 2013)
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at CNBC.com (Jul 31, 2012)
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at MarketWatch.com (May 24, 2012)
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at CNBC.com (Jan 17, 2012)
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at MarketWatch.com (Sep 13, 2011)
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at CNBC.com (Aug 29, 2011)
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at MarketWatch.com (May 27, 2011)
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at MarketWatch.com (Apr 28, 2011)
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at MarketWatch.com (Mar 30, 2011)
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at MarketWatch.com (Mar 15, 2011)
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at MarketWatch.com (Mar 13, 2011)
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at MarketWatch.com (Mar 9, 2011)
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at MarketWatch.com (Mar 8, 2011)
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at MarketWatch.com (Mar 7, 2011)
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at MarketWatch.com (Feb 4, 2011)
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at MarketWatch.com (Jan 25, 2011)
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at MarketWatch.com (Dec 21, 2010)
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at CNBC.com (Dec 6, 2010)
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at CNBC.com (Nov 11, 2010)
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at MarketWatch.com (Nov 1, 2010)
JJC vs. ETF Alternatives
JJC Description
The Dow Jones-UBS Copper Subindex Total ReturnService Mark is a sub-index of the Dow Jones-UBS Commodity Index Total ReturnService Mark and reflects the returns that are potentially available through an unleveraged investment in the futures contracts on physical commodities comprising the index plus the rate of interest that could be earned on cash collateral invested in specified Treasury Bills. The index includes the contract in the Dow Jones-UBS Commodity Index Total ReturnService Mark that relates to a single commodity, copper (currently the Copper High Grade futures contract traded on the COMEX).
See more details on sponsor's website
See more details on sponsor's website
Key Info
- In Your Portfolio: A Guide to Commodity ETFs and ETNs
- Asset Class Performance: Commodities
- All
- | Earnings
- | Dividends
- | M&A
- | On the move
- Saturday, April 20, 8:25 AM Dr. Copper's diagnosis for the world economy: It isn't well. Copper ended the week wallowing in bear market territory after top copper consumer China reported slower-than-expected economic growth. At this point, weak demand and robust supplies could continue to put pressure on copper prices, or heavy short selling may dry up and spur a strong rebound. 4 Comments [Commodities, Global & FX]
- Monday, April 15, 8:57 AM Freeport McMoRan (FCX) is downgraded to Sell from Neutral with a $25 price target, down from $35, at Citigroup, which cuts estimates for 2014 copper pricing by 13% and warns FCX is likely to have "minimal" free cash flow over the next two years. Mining shares are broadly lower premarket following China's slowing GDP growth and commodity selloff; FCX -4.1%. Comment! [Commodities, Quick Ideas, On the Move]
- Monday, April 15, 6:57 AM S&P 500 (SPY) futures -0.5%, Nasdaq 100 (QQQ) -0.4% as the liquidation in precious metals continues. Other sensitive commodities: WTI crude (USO) -2.5% to $88.76, and copper (JJC) -3.4% to $3.23. 6 Comments [On the Move]
- Monday, April 15, 4:49 AM China's GDP miss and disappointing industrial production data are sending global equity markets lower, as well as copper and oil, which is also suffering from the IEA slightly cutting its demand outlook last week. Japan -1.6%, Hong Kong -1.4%, China -1.1%, India +0.6%. EU Stoxx 50 -0.2%, London -1%, Paris -0.8%, Frankfurt -0.8%, Milan -0.2%, Madrid -0.4%. Oil -2.4%, copper -1.5%. 1 Comment [Global & FX, Top Stories, On the Move, Energy]
- Friday, April 12, 10:52 AM A slide in commodity prices turns into a rout: GLD -3.2%, SLV -4.2%, USO -3%, Copper (JJC) -2.2%. At $1,506/oz., gold is threatening a $1,400 handle for the first time in nearly 2 years. After an early bounce, stocks move to session lows, the S&P 500 -0.7%. The long bond gains three-quarters of a full point, its yield down to a 2013 low of 2.93%. Update at 11:05: Now off 4.3%, gold slips below $1,500. 54 Comments [Commodities, On the Move]
- Monday, March 25, 10:42 AM Hedge funds are the most bearish ever on copper as global inventories expand to a nine-year high; speculators raised net short positions in U.S. copper futures and options by 53% to nearly 26K contracts in last week. “We’re sitting on unprecedented stockpiles," BMO's Jack Albin says. “Demand has been pretty tepid... In the global economy, we’re seeing improving growth, but it’s still at a slow rate." Comment! [Commodities, Global & FX]
- Monday, March 18, 5:48 PM Copper prices hit a new 2013 low today, tumbling 2.6% as "the Cyprus news highlights what many investors would like to forget: that the region’s debt problems are ongoing... and that a solution continues to be elusive." This adds to continued China worries, as "more and more copper is piling up in warehouses." Unlike in the stock market, the slightest bit of bad news is enough to weigh on copper. Comment! [Commodities, Global & FX]
- Wednesday, March 13, 8:49 AM The stock market rally is missing what historically has been a key element: a house call from Dr. Copper. Falling copper prices mean "a booming economy isn't around the corner," Michael Pento says, suggesting the rally may be ahead of itself. Goldman thinks a China-related price drop is excessive, but China bears such as Jim Chanos see "ghost cities" and worry about inflated demand about to collapse. 2 Comments [Commodities, U.S. Economy, Global & FX]
- Monday, February 25, 8:21 AM BlackRock moves ahead of JPMorgan, winning approval to launch a physically-backed copper ETF (the iShares Copper Trust) even as JPMorgan's offering remains in regulatory limbo. Copper consumers worry the products will remove a large chunk of the metal from available supply, but one analyst says they would have to be hugely popular to make a dent. Comment! [Commodities]
- Wednesday, February 20, 11:28 AM Non-agricultural commodities sell off sharply across the board. GLD -1.4%, SLV -2.3%, USO -2%, JJC -1.1%. Lumber futures -2.5%. Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF: DBC -0.9%. 10 Comments [Commodities]
- Tuesday, February 19, 12:39 PM Copper investors are spooked after China authorities took steps to ease inflationary pressures, tightening liquidity by reversing policy on repos and draining $4.8B from the system. The move has affected shares of Freeport McMoRan (FCX -2.3%) and Southern Copper (SCCO -2.3%); China equities (FXI -2.1%) also are under pressure. 5 Comments [Commodities, Global & FX, On the Move]
- Wednesday, February 13, 8:11 AM Two large consumers of copper - one is Encore Wire (WIRE) - launch a legal challenge to the SEC's approval of a JPMorgan physically-backed copper ETF, saying the fund will inflate prices and distort supplies. The suit comes just as regulators are set to give (or deny) the go-ahead to a similar ETF planned by BlackRock. Comment! [Commodities]
- Friday, January 11, 7:59 AM Expect an appeal of the SEC decision to allow JPMorgan to launch a physical copper ETF. The SEC move was "not based on substantial evidence and is therefore arbitrary and capricious," say a group of copper users who together account for about half of U.S. demand. Curious to the consumers is the SEC decision to meet with JPM execs, but not them in the days ahead of the decision. 1 Comment [Commodities]
- Wednesday, December 26, 2012, 8:33 AM The SEC pushes back an approval deadline for BlackRock's copper ETF just days after approving JPMorgan's offering. As with the JPM fund, lawmakers and those in the industry worry a physical ETF could draw inventory from the world supply, raising both the price and price volatility. Comment! [Commodities]
- Monday, December 17, 2012, 8:23 AM Over the objections of certain lawmakers and consumers of the metal, the SEC approves JPMorgan's plan to launch an ETF physically backed by copper. The worry is the fund would remove a significant amount of copper from the world supply, driving up volatility and prices. 1 Comment [Commodities]
- Thursday, December 6, 2012, 10:28 AM Jim Cramer's take on Freeport McMoran's (FCX) big deal for McMoRan (MMR) and Plains (PXP): "It doesn't pass the smell test." For FCX shareholders, the "instant re-coloration" of the company from copper to oil and copper should cause worry that maybe something's wrong with the copper side. The deal shows the fallacy of playing the mining stocks instead of the ore; the way to play copper is through JJC. 2 Comments [Commodities, Energy, M&A, Quick Ideas]
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x oil -field
Non-agricultural commodities sell off sharply across the board. $GLD -1.4% $SLV -2.3% $USO -2% $JJC -1.1% http://bit.ly/134F7qv - View all 2 replies
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x oil -field: *Chatter circulates of a troubled hedge fund being forced to exit. Broad commodity ETF $DBC -0.9% $GLD -1.4% http://seekingalpha.com/n/hz9f
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x oil -field: Metal Billionaire Plans Biggest Debt Refinance: Corporate India. $INR http://bloom.bg/ZByx4j $JPM $BAC $BCS
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RETANG2012: RNDY the question is how long can roundy,s maintain earnings to support .48 dividend ? -
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Brennan Basnicki: Yah looks like it. I was really bullish, but a few key trend lines probably will be taken out. Will be seeing how $ANR and $WLT react
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x oil -field
$JJC The S.E.C. pushes back approval deadline for BlackRock's copper ETF,after approving JPMorgan's offering. http://seekingalpha.com/n/fr9p - View all 1 replies
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x oil -field: Bloomberg: $JPM Rethinking Copper ETF, Deere Probe Ends, Bats: Compliance. $JJC http://bloom.bg/V8sNAa
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x oil -field
Bloomberg: Codelco Said to Reduce Korea Copper Surcharge by 8.6% in 2013. $UBS $JJC http://bloom.bg/Q6yIVR - View all 0 replies
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x oil -field
Bloomberg: Hedge Funds *Cut Bets in Longest Retreat Since 2008: Commodities. $JJC http://bloom.bg/T7j4qE - View all 1 replies
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x oil -field: Bloomberg: Commodities $JJC $BAL 'Super Cycle' Is Over, Citigroup's Morse Says. http://bloom.bg/ROUD2g
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x oil -field
MarketWatch: $UUP Asia stocks pressured by exporter losses. $GLD http://bit.ly/OV2r3x $JJC - View all 1 replies
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x oil -field: Marsh on Monday Archives.Oct. 22, 2012, 2:01 AM EDT Poles won't reject euro,but won't rush to join. Commentary: (€) EU http://bit.ly/QLL4yf
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x oil -field
Bloomberg: China's Stock-Index Futures Drop on Earnings, Property Concerns. $JJC $GLD http://bloom.bg/RVhCKH - View all 0 replies
LATEST REPLIES
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x oil -field
Bloomberg:Shanghai Bonded Copper Stocks May Inventory at Record High, Survey Shows. $JJC http://bloom.bg/NOgpDI - View all 1 replies
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x oil -field: SA Matthew Bradbard: Today In Commodities:$GLD Stocks Ripe For Profit Taking. http://bit.ly/PCJIaP $SLV $MOO
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Ocean Man: Not that you can see through the internet, but it took me a while to get that. -
Dr. Kris: Dr. Kris is all-seeing, all-knowing (and also all-full-of-crap). You can run, but you can't hide, Grasshopper.
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losbronces: And then there is Tenke Fungurume in DRC, where ownership issues are still pending resolution.
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Justin M. Hall
12/19/11 3:33P ET: Surprisingly, Copper (COPX) is holding up fairly well. COPX, JJC, FCX. Hmmm. - View all 3 replies
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Justin M. Hall: However, the charts do not look that bad - at least for now they don't. I suppose it could get worse, but it's not ugly yet.
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Justin M. Hall: UPDATE: TH 1/26/12, we secured gains of 19.2% on COPX after shares hit our $15.50 target.
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Bruce Whitaker: Hard to say in a thin market like this. Next week we will get a better idea of direction. May bounce near $30 if it gets down there.
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screamin187
JJC down 3.5%, not confirming market strength. Something has to give, market fade or copper comeback? - View all 3 replies
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mun2000: good point market is up on speculation not on fundamentals this why the copper is down ,also wait for oil to follow and market too. -
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Michael Stuart
Do you guys know another way to play copper aside from JJC? The bid/ask spreads for puts on it are atrocious! - View all 7 replies
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Michael Stuart: That double bottom called earlier may be the worst call of the day...
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dieuwer: Soon, copper mines will be closed as low prices are unsustainable from a cost perspective.
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rubberoptions
I think the worst is over for Copper. $6800 was the bottom. unlikely to recover anytime soon, though. do it with JJC & FCX puts & calls ! - View all 3 replies
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rubberoptions: OK, thanks, guys. I knew long time ago markets are smarter than me. like i said, just do it with long puts & calls positions.
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Michael Stuart: Seeing that, I wonder if silver is going to have a repeat of it's very bad, no good, horrible night at the open.
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