Barsoomian?
and they get a free bowl of soup with it
come again?
the choicest of 40 acres
24?
Should Silver continue moving up in price/oz
will the London Metal Exchange pull the same maneuver they did in 2022 when Nickel got the squeeze and about 12billion in contracts just got cancelled, suits were filed, and somehow the courts ruled in LME's favour?
Two years on: LME nickel crisis breeds courtroom drama, vindication and reform
https://www.fnlondon.com/articles/lme-nickel-crisis-lawsuit-trading-london-metal-exchange-20240308
Two years ago, the London Metal Exchange made the unprecedented decision to cancel $12bn of nickel trades. A short squeeze had sent the price of the metal above $100,000 per tonne, creating a margin call of $19.75bn.
The backlash was swift. Traders were incredulous that the LME would take such a drastic step to cancel a day’s worth of executed trades.
The decision would spawn half a dozen lawsuits, with the court ultimately ruled in the LME’s favour in November. One plaintiff — Elliott Management — said they would appeal.
The exchange still carries reputational damage from the day, and is trying to rebuild confidence as it works its way through a series of reforms.
Is silver getting ready to see the same thing? Could be a nice seque way into the corruption that appears on the surface with the LBMA and London Metal Exchange….
funtimes ahoy
Mao Suits
JPM and GS got sued in ?2013? over aluminum manipulation
believe in 2023 two JPM traders were sentenced to prison for fraud, attempted price manipulation and “spoofing” orders
2020 JPM paid a $920mn fine to authorities after admitting to manipulating precious metals futures and US government bond markets over eight years
it is time for them to jump
>>24037896
organs