Tuesday, 26 May 2009

Uranium

Did you know that now-defunct Lehman Brothers is still sitting on a 500.000 lb stockpile of uranium? Large enough to produce some very tricky devices. Should they dump this U3O8 on the market, it could have an influence on prices. But Lehman promised not to do this and to wind down the position over the next coming two years.
The question is: what the hell is Lehman Brothers doing with uranium? On behalf of speculating clients? Or on behalf of their own account? And a second question: what more commodities are they stockpiling?
And what with other investment banks?
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