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Don't worry about Goldman Sachs

by JP Bill / July 28, 2011 5:50 AM PDT
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Supply and demand, oh wait
by Roger NC / July 28, 2011 7:25 AM PDT

there's plenty of supply for the demand, but they're metering it out to charge rental on space to store it.

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could be risky
by JP Bill / July 28, 2011 7:34 AM PDT
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The LME doesn't come out of this well
by MarkFlax Forum moderator / July 28, 2011 9:49 PM PDT

Goldman Sachs are trading this on the London Metal Exchange (LME).

"The London Metal Exchange defends its rules. "There is a perception that consumers have not been able to get to their metal when the reality is that it is big banks, financing companies and warehouses that are not able to get to their huge tonnages of metal fast enough," said LME business development manager Chris Evans."

Yeah, right. Where have I heard that type of cover up before?

http://en.wikipedia.org/wiki/Goldman_Sachs#Actions_in_the_2007.E2.80.932008_subprime_mortgage_crisis

"By summer of 2007, they, (the two Goldman traders, Michael Swenson and Josh Birnbaum), persuaded colleagues to see their point of view and talked around skeptical risk management executives".

Mark

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