Interesting article regarding Glencore and LME stocks:
London Metal Exchange zinc stocks; a false history?: Andy Home
http://www.reuters.com/article/us-lme-warehousing-ahome-idUSKBN1762VB
To quote one paragraph:
The LME alleges that on occasions between September 2010 and October 2014 Access World (USA) LLC "employees falsified documents, including bills of lading, to give the exchange the impression that zinc had physically moved from the New Orleans delivery point when it had either not moved or it had moved but on a date other than shown in the inventory records".
The key to IBG is the Zinc price, not what you are thinking.., page-18
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