Quote:
Originally Posted by red-beard
Except the article is wrong. Aluminum is at a low. It is close to the December low of last year. I sell special metal products, including extruded aluminum.
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I was wondering about this. Sounds fishy.
On one hand:
-Insider trading and spreading public rumor-milling are illegal.
-But of course, a youthful exuberant reporter might be exempt from this.
-A few Detroit warehouses with scrap would not effect the worlds supply in the short term, but it could affect stock prices temporarily....
On another hand:
-The earth's bauxite reserves is supposed to be in limited supply.
-Eventually Al prices may go up depending on industry use.
-This could be manipulated by corrupt geologists and media reports....