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View Diary: SEC is giving “big banks license to manipulate commodities” (165 comments)

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  •  won't this hurt Goldman Sachs' (1+ / 0-)
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    greenearth

    feelers?

    Here's an article saying they were doing the same thing this diary suggests in the summer of 2011:

    There's just one problem: much less aluminum is leaving the depots than arriving, creating a supply pinch for manufacturers of everything from soft drink cans to aircraft.

    The resulting spike in prices has sparked a clash between companies forced to pay more for their aluminum and wait months for it to be delivered, Goldman, which is keen to keep its cash machines humming and the London Metal Exchange (LME), the world's benchmark industrial metals market, which critics accuse of lax oversight.

    Goldman's new money machine: warehouses

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