21.11.2014 - US report details metal warehouse issues
The two-year US Senate investigation into banks’ commodities business has thrown a sharp light on the relationship between metals warehouses and their owners. A 403 page document released on Wednesday alleges Goldman Sach’s 2010 purchase of Metro International Trade Services, a Detroit warehouse operator, led to rising aluminium prices as the company paid incentives to holders of the metal to shuffle it between warehouses, artificially increasing the length of queues and creating the impression of strong demand........................................Full Article: Source
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