Goldman Sachs Hoarding 1.5M Tons Of Aluminum In 27 Detroit Area Warehouses

**Wheels** · July-27-13, 09:09 AM

Originally Posted by Honky Tonk

I need a piece of 3" X 3" X 1/8"' X 5', do you think they'd have it?

Could you please draw that for me? I have never worked in the fourth dimension before!

**Hermod** · July-27-13, 09:39 AM

Truly amazing when the price of aluminum is currently very depressed and Alcoa stock is in the crapper. Alcoa was trading as high as $48.80 a share in 2007 and this year has been stuck in a $7.70 to $9.40 range.

Value Line: "Surplus capacity is on pace to eclipse demand by one million tons in 2013."

Chinese increases in aluminum production will only add to the glut.

Aluminum prices are around $1,880 per ton.

**Honky Tonk** · July-27-13, 09:56 AM

Originally Posted by Wheels

Could you please draw that for me? I have never worked in the fourth dimension before!

I don't have time right now, but I will, and I'll post it here. I was really hoping someone was going to post "Hey, I have a piece like that lying around my warehouse". So much for that fishing expedition.