{"id":16256,"date":"2022-05-09T15:20:29","date_gmt":"2022-05-09T15:20:29","guid":{"rendered":"https:\/\/www.duck9.com\/?p=16256"},"modified":"2022-05-09T11:26:48","modified_gmt":"2022-05-09T15:26:48","slug":"london-metals-exchange-and-zombie-markets-that-never-settle-bitcoin-solves-this","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/london-metals-exchange-and-zombie-markets-that-never-settle-bitcoin-solves-this\/","title":{"rendered":"London Metals Exchange and Zombie Markets That Never Settle. Bitcoin Solves This."},"content":{"rendered":"
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by Larry Chiang <\/p>\n
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I read, connect and curate the bitcoin tweets so that you can benefit <\/div>\n
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Problem: Nickel \u201cMother of All Short Squeezed\u201d to $100,000+ but the London Metals Exchange (in Hong Kong) will not settle contracts <\/p>\n

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Bloomberg<\/a><\/b><\/td>\n<\/tr>\n
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The LME will reopen its nickel market on Wednesday, more than a week after the exchange suspended trading and canceled about $3.9 billion of transactions as it grappled with an unprecedented short squeeze trib.al\/DvBvLjj<\/a><\/td>\n<\/tr>\n
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Solution = Bitcoin Solves This. <\/p>\n

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Manipulation is printing endless dollars and bailing out failing zombie companies. The stock market is completely fixed. <\/p>\n

Bitcoin is a free market. Whales dumping on you is not manipulation. There\u2019s a buyer for every sell order.<\/td>\n<\/tr>\n

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Problem. <\/p>\n

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LME to Nearly Double Its Default Fund After Nickel Squeeze  bloomberg.com\/news\/articles\/\u2026<\/a><\/td>\n<\/tr>\n
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Problem:<\/p>\n

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\u2066\u202a@DeItaone\u202c\u2069<\/a> And VW was long 10.000 tons of Nickel on the LME short squeeze. Industry players are taking a seat at the commodity table.<\/td>\n<\/tr>\n
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The death of price discovery <\/p><\/div>\n

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\u2066\u202a@seispasteis\u202c\u2069<\/a> \u2066\u202a@jfarchy\u202c\u2069<\/a> \u2066\u202a@BloombergTV\u202c\u2069<\/a> You understand there are always 2 sides to each trade right? If these guys are going to be dumb enough to short commodities in a high inflation, potential global conflict environment, then they need to lose. What about the people who were long and got fucked?<\/td>\n<\/tr>\n
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Big problem<\/div>\n

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LME chief executive Matt Chamberlain told \u2066\u202a@BloombergTV\u202c\u2069<\/a> this morning that if the exchange hadn’t cancelled trades, several brokers would have struggled to survive<\/td>\n<\/tr>\n
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Obvi but needs to be emphasized <\/div>\n

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\u2066\u202a@jfarchy\u202c\u2069<\/a> \u2066\u202a@BloombergTV\u202c\u2069<\/a> THAT IS LITERALLY CAPITALISM – WHEN YOU MESS UP YOU GO BROKE!<\/td>\n<\/tr>\n
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Here is my attempt at explaining the Nickel Short Squeeze we experienced over the last few days. Which has seen a Chinese Stainless Steel Producer, Tsingshan, get squeezed so badly the LME was forced to suspend nickel trading and cancel a bunch of trades. #nickel<\/a>#nickelsqueeze<\/a><\/td>\n<\/tr>\n
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Tsingshan was short. Not kind of short, like 100,000 tonnes short. In simple terms. They bet the price would go down, it didn’t. The problem? They don’t produce the pure nickel (uncut >99.8% Ni) the LME uses, so they can’t deliver against the contracts.<\/td>\n<\/tr>\n
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\u201cThe prices that were being seen during that Asian session were becoming disconnected from, I believe, physical reality.\u201d – LME on nickel squeeze.<\/p>\n

So naked shorting stocks into the ground is “reality” but when the inverse happens it’s halted & trades cancelled. <\/p>\n

Okay…<\/p>\n

$AMC<\/a><\/td>\n<\/tr>\n

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WordPress\u2019d from my personal iPhone, 650-283-8008<\/a>, number that Steve Jobs texted me on<\/span><\/div>\n

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https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/a><\/span><\/font><\/div>\n

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by Larry Chiang  I read, connect and curate the bitcoin tweets so that you can benefit  Problem: Nickel \u201cMother of All Short Squeezed\u201d to $100,000+ but the London Metals Exchange (in Hong Kong) will not settle contracts      Bloomberg \u2066\u202a@business\u202c\u2069 The LME will reopen its nickel market on Wednesday, more than a week after […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-16256","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/16256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=16256"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/16256\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=16256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=16256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=16256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}