LMBA only has about 45,000 tonnes of nickel availableThe other day it was in the news that the commodity broker named Travigura got defrauded on a 22,000 tonne shipment of nickel back just a few weeks ago..They were supposed to receive the nickel in december but the rail cars were all empty..
The day of the news the price of nickel shot up to 29,500 $US/ tonne...Since that day they've hammered the price of nickel back to 25,000 $...
To me it is obvious that they are manipulating the price of nickel to deceive the market into thinking there is no shortage of nickel in the world..Because, it there was a genuine shortage, the price would go up, eh? Wink,wink...
The private owners of the federal reserve notes, A.K.A. the US dollar , need to crush the price of commodities , gold and silver to legitimize their paper dollar, to make,their paper dollar look very strong and valuable,. It's an abboration that the scam of the US dollar should be taking place in broad daylight but the FED owns everybody and so all their employees, aka politicians,regulators, law-makers, Fund managers etc.etc. , allow this disgusting thievery to go on without a peep from anyone...