Loading ...Stunning turnround which must be due to Asian demand…which must terrify the Scum. Are the Chinese going for the ” Commercials” aka the TBTF Banks aka the Scum.
Mny years ago the Copper mkt was massively long or short, can’t remember which way…anyway there is an annual dinner in the Fall in London, where everyone gets hugely smashed and is out all night. That year on the morning after the dinner, very early London time the Chinese raided the mkt taking on the massive position and in no time had prices hundreds of $ away from the previous close….as all the companies only had junior skeleton staff in and most of their clients were passed out still, there was no liquidity.
That was an extreme example, but the Chinese love taking on a crowded mkt.