OTCPK:KRCLF - Post by User
Comment by
Farquaron Feb 24, 2023 11:19am
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Post# 35303409
RE:LMBA only has about 45,000 tonnes of nickel available
RE:LMBA only has about 45,000 tonnes of nickel availableI meant to say : Trafigura not Travigura...
I think the "monopolists" that run our world probably told that company that sold the 22,000 tonnes to Trafigura to just pretend they had the nickel and that they were to pretend that the nickel was shipped via the rail cars...This was to buy time for the nickel inventory to go up in the time being..They probably told the indian company, don't worry about legal implications, we will have your back and we will compensate you for your troubles...There will be no jail time for you, they must have told them....It's all for international security , all for financial stability etc.etc.
Getting back to the LBMA, when the price of nickel hit 100,000 a few months back because of a short squeeze, the nickel avaiable for deilvery at that time was in the 50,000 tonne range if I'm not mistaken, but there was just one chinese company that was short 160,000 tonnes with only 50,000 deliverable tonnes...JUST one shorter was short triple the existing nickel stockpiles!! How many shorters are there on such a large trading platform as LBMA, there had to be 100's , maybe thousands...remember for every long there is a short....So these 100's of shorts buy the contracts and this absorbs all the buying pressure and keeps the price from exploding higher....But that chinese company with the 160k short position was probably a front or a proxy for the international bankers...The "controllers" used the chinese company to hold the price down, to TAMP it down....
Now we have the Comex not revealing the COT reports for 4 weeks now...They say the data was hacked...Righttttt....Another fraud is probably going on here but move along nothing to see here....