RE:RE:LME LevelsGoldnboy1 wrote: Hey Tiger. What do you think about the info floating around that nearly 90% of those LME warrants are being held by a single position!!!
Check out the links/article in this post from earlier this week. Thoughts on most of the warrants situation being held by a single holder? Wonder who it is?
https://www.stockhouse.com/companies/bullboard?symbol=v.wlf&postid=27516882
Let's see: 90% of 84000 tons LME on-warrant zinc held by one position is 76000 tons. As it could be held by any of the five largest producers let's have fun and say it's Glencore which made the production cuts responsible for the zinc supplydeficit.
So 25% of 76000 is 19000 tons held by...Trevali. As in the 25% of Trevali owned by Glencore.
Whaddayaknow! Trevali is one of the 'big boys' manipulating LME supply.
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