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Commodities Briefing - Categorized | Market Moves more

Why heavy institutional positions in the commodities market is cause for worry

Posted on 27 September 2013

Why is the US Federal Reserve looking into reviewing whether Goldman Sachs (GS), JPMorgan (JPM) and other banks can hold physical commodities such as gas, aluminum and the infrastructure in which to store them?
Because of facts like these: a Euromoney article reports that according to the Aluminum Association, the US aluminum supply totaled 18.3 billion pounds (8.3 million tons) in 2009, with industry sources putting Goldman Sachs holding some 25% of it………………………………………..Full Article: Source


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This post was written by:

VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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