On Wed, 24 Jul 2013 12:06:45 -0700, "PrecisionmachinisT"
wrote:


"Ed Huntress" wrote in message
news
On Wed, 24 Jul 2013 00:04:37 -0700, "PrecisionmachinisT"
wrote:


"Ed Huntress" wrote in message
...
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/

I knew someone would bring that up. g Look at the longer term.
That's what they're talking about.


They're down on the one year, the five year and also on the 24 year charts;
pray tell how long of a term should we be looking at here?

The 20-year charts. g

I'd have to know what the beer people were expecting prices to be. In
any case, I'm going to have to keep following the stories. It's not a
subject I report about, but it will be useful background.



There's a glut of aluminum right now. That's why Golden Sacks is
trying to manipulate the market by keeping as much as they can out of
circulation. They have futures positions to protect, and the rest of
us are paying for it.

As I follow the links that have shown up here, and the stories that
are showing up in the aggregators, it's becoming clear that this whole
thing is all about rigging the market.


This "whole thing" is called "capitalism", and it's been "rigged" since it's
very inception..

Ah, no, I don't agree with that. Commodities have often been
vulnerable to price manipulation, and that's what the stories are
saying about aluminum now.

Capitalism, when it's working right, is about free competition, not
rigged prices.


I do have to agree however, if not for Goldman Sachs, aluminum prices would
probably be even lower than they are today.

Well, I still don't know enough about it. I'll look into it more when
I can. My free evening just disappeared as I have to get ready for a
conference call in the morning.

--
Ed Huntress