Ann: Change in substantial holding - J.P.Morgan , page-4

re: Ann: Change in substantial holding - J.P.... This activity spells not so much about global demand but rather a reflection of US monetary policy. Nobody knows better than JP Morgan or Goldman what the US policy is regarding interest rates. What JP & GS are telling us is that the US won't raise rates in the short to medium term and will continue to print money, which will place pressure on the US dollar and thus add value to a mix of commodities.

Either way commodites are a win/win bet. Economy goes well, demand goes up, price goes up. US economy goes bad, they print more money, devalueing money and adding value to commodities.