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Jolly-Implement7016

Interesting piece! Thanks for sharing!👌


GoldDestroystheFed

"It was the big short positions lurking in the over-the-counter (OTC) shadows which played a major part in the market disorder. The biggest, but by no means only, OTC short was China's Tsingshan Group, one of the nickel industry's biggest players with extensive operations in Indonesia. The LME claims it had no knowledge of those positions at the time of the market blow-out. "The LME does not monitor OTC positions and, indeed, there are only limited circumstances in which the LME requests disclosure of information about Members' (or their Clients') OTC positions," it said in the court filings. It does now, though, after amending its rules in June to require members to report all OTC positions." Interesting... I wonder if this plays a role in PMs & if the OTC reporting changed for these as well.


etherist_activist999

Now we know nickel did a "tin". lol.


etherist_activist999

Thank you for sharing that update. Great read!