Video Chapters:
00:00 Introduction
01:07 LME compared to Futures Exchanges
04:57 LME cancels nickel trades
15:00 Repercussions for paper gold and silver
16:07 Market Update
22:01 Conclusion
Today we will look at what happened on the LME or London Metals Exchange as it pertains to the trading of nickel.
Our conclusion is that the LME and many other exchanges have gone too far in becoming more of a paper game or casino rather than a true exchange with real goods change hand.
(Bloomberg article) LME Says Dealers Would Have Struggled If Nickel Trades Had Stood: https://archive.ph/NAgYd#selection-2987.0-2987.64
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