RE:RE:RE:RE:Q4 stockpiling NickelWhat a mess! Many traders are totallyupset because suddenly they had made lots of profits. LME not only stop the trades but reversed all trades to a certain time prior to hitting 100k/t.
all that because a chinese tycoon could not increase his margins. Lon story short, the trading resumes next week, the Chinese company also wish to keep its short position and if LME bends the rules for this Chinese company they will get sued by many brokers for billions.
i cannot believe it either. It was suggested by someone on a site to read on twitter about the "nickel squeeze".....very interesting and upsetting because when it is a small investor the rules are are the rules, and you have to pay. When you are a billionaire, you get away with all kinds of sh$@&=it!
can't wait to see what will happen next week!!!