by Larry Chiang
I read, connect and curate the bitcoin tweets so that you can benefitProblem: Nickel “Mother of All Short Squeezed” to $100,000+ but the London Metals Exchange (in Hong Kong) will not settle contracts
Bloomberg @business 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 3/14/22, 4:18 PM Solution = Bitcoin Solves This.
The Wolf Of All Streets @scottmelker Manipulation is printing endless dollars and bailing out failing zombie companies. The stock market is completely fixed. Bitcoin is a free market. Whales dumping on you is not manipulation. There’s a buyer for every sell order.
5/10/20, 10:37 AM Problem.
Know Nothing @i_know_n0thing LME to Nearly Double Its Default Fund After Nickel Squeeze bloomberg.com/news/articles/… 3/26/22, 5:00 PM Problem:
caspar @raven_of_fulham @DeItaone And VW was long 10.000 tons of Nickel on the LME short squeeze. Industry players are taking a seat at the commodity table. 3/30/22, 7:09 AM The death of price discovery
The Narrator (Fight Club) @BluePhoenix_Art @seispasteis @jfarchy @BloombergTV 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? 3/9/22, 1:45 PM Big problem
Jack Farchy @jfarchy LME chief executive Matt Chamberlain told @BloombergTV this morning that if the exchange hadn’t cancelled trades, several brokers would have struggled to survive 3/9/22, 4:12 AM Obvi but needs to be emphasized
Aaron @ItsmeAAron1886 @jfarchy @BloombergTV THAT IS LITERALLY CAPITALISM – WHEN YOU MESS UP YOU GO BROKE! 3/10/22, 8:11 AM
SmallCapSteve @smallcapsteve 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#nickelsqueeze 3/9/22, 9:32 PM
SmallCapSteve @smallcapsteve 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. 3/9/22, 9:32 PM
Johnathon Klink @JohnathonKlink “The prices that were being seen during that Asian session were becoming disconnected from, I believe, physical reality.” – LME on nickel squeeze. So naked shorting stocks into the ground is “reality” but when the inverse happens it’s halted & trades cancelled.
Okay…
3/24/22, 8:17 AM
Duck9 is a credit score prep program that is like a Kaplan or Princeton Review test preparation service. We don't teach beating the SAT, but we do get you to a higher credit FICO score using secret methods that have gotten us on TV, Congress and newspaper articles. Say hi or check out some of our free resources before you pay for a thing. You can also text the CEO:
