Dancing with the Bears and a lot of Bull
“The London Metal Exchange is a mess,” according to a Swiss commodities trader. Indeed it is – or at least it’s between a rock and a number of hard places. Aluminium is piling up in warehouses, yet the “market” is acting as if it were in short supply –  with big investors (notably JP Morgan and Goldman Sachs) apparently raking in profits as a result. As the Swiss trader goes on to point out: “[Consumers] can see the world awash with metal, most of it in the United States… and yet the premium goes from six cents to 9 cents in a fortnight”.
See http://www.minesandcommunities.org/article.php?a=10934.