re: Ann: Change in substantial holding - J.P....
This is very interesting activity indeed. Both Goldman Sachs and JP Morgan put out sell signals on commoditites a month ago but in that time JP Morgan has increased its total stake in KZL by 1.23% from 5.13% to 6.36%. Doesn't sound like much and almost goes without notice but amounts to a 24% increase in their buying activity to achieve this increased stake.
In effect, they are betting against their clients again.
They also control the metal warehouses now as they increase their stakes in key miners. This changes the game for commodities a bit. Traders can now manipulate miners, warehouses and physical metal demand. Watching JP Morgan and Goldman Sachs has become ever more important. They often say one thing and do the opposite.
