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Commodities Briefing - Categorized | Financial, Market Moves more

Inquiry possible into storage of commodities by big banks

Posted on 23 July 2013

A tactic devised by Goldman Sachs and other financial players that has inflated the price of aluminum — and ultimately cost consumers billions of dollars — is coming under federal scrutiny.
The Commodity Futures Trading Commission has taken the first step in an examination of warehouse operations that are controlled by Goldman Sachs, Glencore Xstrata, the Noble Group and others and used to store vast amounts of aluminum………………………………………..Full Article: Source


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