Aluminum, Foiled
Financial manipulation continues in the commodity markets -- and none of it benefits either consumers or producers. The latest of these misalignments comes from the aluminum market and has me bailing (again) on my conviction to own Alcoa (AA) and Aluminum Corporation of China (ACH), which are the two dominant players in the space.
What's happening in aluminum is a similar story to what has transpired in the past in oil: a monster contango fueled by financial investment. Let's break this down a bit to understand the manipulations and how nobody, save for the financial players, benefit from this....449 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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