Posted to rec.crafts.metalworking
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Why aluminum prices are up; copper to follow
"Ed Huntress" wrote in message
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On Tue, 23 Jul 2013 11:15:28 -0500, F. George McDuffee
wrote:
On Sat, 20 Jul 2013 17:32:51 -0400, Ed Huntress
wrote:
snip
So, Golden Sacks is driving aluminum from one warehouse to another,
and then back again, to drive up prices for "warehousing" it.
Meantime, JPMorgan bought up more than half of the copper warehoused
for the US market, planning to do the same thing.
snip
FYI
http://www.cnbc.com/id/100902782
http://www.cnbc.com/id/100905731
http://www.bloomberg.com/news/2013-0...sner-says.html
http://www.bloomberg.com/news/2013-0...3-billion.html
http://www.bloomberg.com/news/2013-0...es-review.html
Thanks for the links, George. I'll read them this evening.
Aluminum prices are actually down.
http://www.infomine.com/investment/m...uminum/1-year/
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