It Turns Out That JPMorgan Bought The 'Nickel' That Was Actually 'A Bag Of Rocks'
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
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LME rocked by new nickel scandal after finding bags of stones
The LME has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam.
Source: mining.com
As liquidity dries up, oil braces for whiplash volatility | Hellenic Shipping News Worldwide
A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and analysts said. The Russian invasion of Ukraine has driven many commodity prices to all-time highs, stretching the finances of ...
Source: hellenicshippingnews.com
Analysis-As liquidity evaporates, oil braces for whiplash volatility
A $40 a barrel rise and fall in oil prices in March pushed many investors to exit the volatile trade and created the conditions for more wild price swings in the weeks ahead, traders, bankers and...
Source: marketscreener.com
Commodity traders face rising finance costs as big banks pull out
Banks are retrenching after the coronavirus crisis led to defaults by some trading houses, intermediaries in the global movement of oil, metals and agricultural goods which link producers and end-users, and also exposed a series of frauds.
Source: agweek.com