mahnmut: (WTF-E?)
mahnmut ([personal profile] mahnmut) wrote2013-07-29 07:05 pm
  • Add Memory
  • Share This Entry
  • Current Mood: pissed off
Entry tags:

GS & aluminium hoarding


John Oliver's Arcane Details of Boron-Group Metals Pricing Update

Goldman Sachs bets on the future price of aluminum while simultaneously goosing the future price of aluminum by creating a supply bottleneck in its aluminum warehouse.



John Oliver's Arcane Details of Boron-Group Metals Pricing Update - Aluminum Hoarding

In a scheme so simple a child could understand it, Goldman Sachs gets around commodity-hoarding laws by shuttling aluminum from warehouse to warehouse.