Search This Blog

March 9, 2022

#Nickel Chaos Recalls #LME's Darkest Days

"Shambolic, shameful, scandalous, calamitous, ruinous or pick any word of your choosing. Today has been a shattering blow to all that love the LME and all those that use it to conduct their daily business."— Michael Marlowe, director at Hythe Bay Metals Ltd.

Incredible that the LME canceled all the trades done on Nickel yesterday to save some "market participants" !! $JPM #CCB 

LME Chief Executive Officer Matt Chamberlain defended the decision, saying that some brokers would have struggled if the nickel trades had stood. [!!!]

"It would have been extremely difficult for some of our market participants to continue their activities," Chamberlain said in an interview with Bloomberg TV. "The ability of the financial system to get that money to the members in London and then into the exchange I think would have been significantly stressed."

Read the whole story on Bloomberg  here: 
___________________
https://www.bloomberg.com/news/articles/2022-03-08/metal-traders-reel-as-nickel-chaos-recalls-market-s-darkest-days

March 8, 2022

#LME Halts #Nickel Trading After Unprecedented 250% Spike


Big Shot, Big Short
Margin calls worth "Millions of Dollars" on Tsingshan's short positions were finally paid by a unit of #China Construction Bank Corp. CCB, which is one of Tsingshan's brokers. 

Prices surged to $100'000/Ton before LME halted trading. 

See the whole story in Bloomberg here:  LME Halts Nickel Trading After Unprecedented 250% Spike 


_________________
bit.ly/MasterMetals



March 3, 2022

#Silver Poised for a Break-Out!



#Silver has been breaking through its short term resistance levels.  A Daily close above $25.50 will confirm this new Bull Market!
$SLV $SIL

____________________________________________________

MasterMetals

@MasterMetals

ShareThis

Tags

IFTTT Twitter MasterMetals News Gold MssterMetalsNews MasterMetalsNews mining stocks Commodities Mining GLD Silver Oil COPPER China Metals Dollar Energy Precious Metals MasterEnergy GDX trading Hedge Funds EV Battery Metals Finance exploration GDXJ Glencore USA ETF Platinum Africa Canada Chile Nickel Technical Analysis Charts Euro LME Lithium BHP Base Metals Iron Ore Latin America Australia Cobalt Futures Uranium central banks CME IPO Palladium RIO SIL SLV TSX middle east Asia Barrick DRC FED India PSLV Russia South Africa Trafigura Venezuela comex zinc Argentina Batteries Bonds Chavez Debt Ecuador Kinross PPLT Renewables coal currencies AEM Anglo American AngloGold Bitcoin Iran JPMorgan Chase Japan Mexico NEM Peru Switzerland TSXV VALE Agriculture BP Brazil EQX Education FCX Gas London Lundin Metals Streaming NYMEX Newmont Nuclear Oreninc PGM Roxgold Royalties Sprott Turkey UK Vitol WGC infographic Autonomous Vehicles Azimut Banks BlockChain CFTC CODELCO COT Cerrado Gold Colombia Cote d'Ivoire EDV Egypt Electricity FIL FSM Filo Financings GATA Goldman Sachs Guinea HFT IVN Indonesia Irak LSE LUG Loonie MENA Mongolia NGEx Oro PIIGS RUP Rare Earths REE Robert Friedland Rupert Resource S&P SQM Saudi Arabia Strategic Metals Tsingshan UAE VC VW Yuan money quebec rare earths 1971 1979 AAUC ADM AGI ALB ARIS ATY AU AUY AZM Abu Dhabi Agarwal Alaska Antimony BIS BTG Bill Clinton Bin Laden CBX CCB CITGO CMOC Cameco Cargill Cars Chuquicamata Clice Capital Cobalt27 CoronaVirus Covid19 Critical Metals Crypto DJIA DOJ DPM Defense Demographics Djibouti E-Waste EGO EM ESG El Dorado Endowments Environment Europe FVI Fav Finland Food ForEx Frank Giustra Freeport McMoran GBP GDP GFI GFMS GMIN Ghana Graphite Great Be Greece Green Energy Gundlach Gunvor HPX Haftium IAG IOC Inflation KGC KL Kazakhstan Kurdistan LBMA Louis Dreyfus Lunahuasi M&A MAKO MF Global Mercuria NDM Nigeria Northern Dynasty Oman Orion Osisko PDVSA PEA PEMEX PG Pebble Project Politics Private Equity Rabbit Recycling Repsol Research Rhenium Rhodium Rusal SBSW SKE SSRM SWF Sensors Shale TGZ Tariffs Tech Tesla Texas Trump Ukraine VGCX VIX Victoria Gold WPM Warren Buffett XAU XGD XStrata YPF Yen Yukon Zambia diamonds spoofing stocks supply chain zinc News