And, now I read that Goldman Sachs is literally hoarding aluminum in gigantic warehouses to manipulate the market.
I wonder when people start to realize that concentrating money like this is not a good idea.
http://www.businessweek.com/news/2011-12-14/aluminum-glut-at...
"Dec. 13 (Bloomberg) -- Aluminum stockpiles rose to a record and orders to withdraw metal from warehouses fell to a 15-month low amid speculation traders are adding to bets the commodity will extend its biggest slump since the global recession."
Not sayin this is fact, or a deeply thought out theory, or that I know too too much about the subject, but I wouldn't say that current price of AL gives me much solace just yet....
If Goldman looks like they lost in the short run, they probably did. They'll take the losses, learn from their mistakes, and try to make it up next time.