LME Nickel…Oh dear…
So we’ve kind of got to write about the LME’s nickel tribulations this month, but what can we say? Well, firstly, lets get the fundamentals out of the way. We’re not surprised that nickel went into a short squeeze. As we’ve said in BMR a number of times over the past 12 months, we are (and remain) nickel bulls. As we’ve said here, and in a number of blog articles on our website, we don’t believe that the market is right on nickel. What we are surprised about was the magnitude of the short squeeze and the LME’s reaction to...
Shanghai Futures Exchange