Glencore's Corruption Investigation - Buy On Any Substantial Price Fall

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About: Glencore plc (GLCNF)
by: Tim Worstall
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Tim Worstall
Tech, banks, gold & precious metals, natural resources
Summary

Glencore is being investigated by Britain's Serious Fraud Office over corruption allegations concerning Zaire (now Democratic Republic of Congo).

The stock fell 9% on the news. This strikes me as an over-reaction.

Any further substantial falls should be treated as buying opportunities.

The basic background

Glencore (GLEN:LN, OTCPK:GLCNF) is one of the world's major commodity traders. Its expertise is in mineral commodities more than anything else, that's where it got its start too. It also has