The subject matter of today’s article is among the most arcane on which Bagholder has ever written… Many of you will likely close the window you are reading this in before finishing the 2nd paragraph. On the surface, the topic may seem a tad mundane; however, the life lesson to be gleaned is anything but. With that now out of the way, let’s discuss today’s topic: The Nickel market and how it is a microcosm of everything wrong in today's rigged financial markets.
Just another sign of the times to come...when the hypocrisy, coupled with the corruption is so in-your-face, and they could care less of the repercussions and fallout from it. The LME is owned by China...which further suggests to me, they are going to milk it for what its worth, collapse the exchange and open up "a new and improved one". If we have an issue with how the exchanges are managed now, imagine how bad it could be when the Chinese eventually take over the pricing structure which is still here. Stack on...
Just another sign of the times to come...when the hypocrisy, coupled with the corruption is so in-your-face, and they could care less of the repercussions and fallout from it. The LME is owned by China...which further suggests to me, they are going to milk it for what its worth, collapse the exchange and open up "a new and improved one". If we have an issue with how the exchanges are managed now, imagine how bad it could be when the Chinese eventually take over the pricing structure which is still here. Stack on...
WTF!?! I’m astounded this can happen.