🚨NICKEL HALTED AGAIN🚨
LME again stops Nickel trading (if there are no consequences what is the point of an exchange?). Nickel loses 15% and is halted as no one is allowed to buy, thus relieving the chinese holder on the short side... Essentially they pulled a GME on a world metals exchange... Except this is billionaires robbing billionaires and that always works downhill and ends poorly for everyone.
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.marketwatch.com/amp/story/nickel-trading-halted-again-in-london-271647873586&ved=2ahUKEwjg4cCpqNj2AhVnJzQIHWTTDLMQyM8BKAB6BAgNEAI&usg=AOvVaw38RNJbrGp8rIOG8xbx7DTJ
https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.marketwatch.com/amp/story/nickel-trading-halted-again-in-london-271647873586&ved=2ahUKEwjg4cCpqNj2AhVnJzQIHWTTDLMQyM8BKAB6BAgNEAI&usg=AOvVaw38RNJbrGp8rIOG8xbx7DTJ
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Day Trader 881 : London Exchange is Owned by HKSE if I am not wrong…
SpyderCall : It didnt even move much??
SpyderCall : any insight on the halt? it seemed like price action was coming back to reality the past few days.
SpyderCall : i see it now. my chart wasnt working. its a limit down for the fourth day in a row. reminiscent of $SPDR S&P 500 ETF (SPY.US)$ being halted several times on the way down during the covid crash
iamiamOP Day Trader 881: that is correct, that's why everyone is upset, bailing out one of their own on a world exchange
SpyderCall : BIG BANK TAKES LITTLE BANK. GOTTA LOVE A GOOD OLD SQUEEZE. UNTIL IT KILLS THE MARKET
iamiamOP SpyderCall: