15
December
JPMorgan cuts silver short; denies 90 pct copper data
15 December 2010 Reuters
JPMorgan's (JPM.N) commodity business was uncomfortably in the spotlight on both sides of the Atlantic on Tuesday amid reports it had amassed a large copper long position and was unwinding a big silver short.
While analysts and traders have said both positions could be tied to the bank's large customer trading business rather than any proprietary strategy, the reports have placed the bank in the public eye at a time when U.S. and European regulators are cracking down on commodity market concentration.
