ack

[yellowsnow]

LME to end gold and silver future trading by July due to low activity


https://www.marketwatch.com/story/lm...rts-2022-04-22

Could this be the start of breaking of physical trade to paper spot trade?



Looking back, the 137-year-old London Metal Exchange has agreed a £1.4bn takeover from Hong Kong Exchanges and Clearing (HKEx) after a nine-month auction process which saw bids from InterContinental Exchange, CME Group and NYSE Nasdaq. Did china bought it to raid the physical and now LME had served their purpose.

[SilverPalm]

https://www.marketwatch.com/story/lm...rts-2022-04-22

This is a big deal. Thank you for posting

[yellowsnow]

https://www.marketwatch.com/story/lm...rts-2022-04-22

This is a big deal. Thank you for posting

I think the nickel fiasco had shown to the world how disfunctional LME is now. LME shafted the nickel longs just to bailout Tsingshan and its banks to the tune of several billion dollars.
https://ca.finance.yahoo.com/news/im...192950183.html

[golditiki2]

halting the market lack of volume is a statement for dupes, the real reason is probably the major possibility of volatility risks in gold and silverprices they do not want to cover.

Golditiki2+++

[yellowsnow]

https://gold-forum.kitco.com/showthread.php?154931-ack

golditiki2

halting the market lack of volume is a statement for dupes, the real reason is probably the major possibility of volatility risks in gold and silverprices they do not want to cover.

Golditiki2+++

maybe russia sanction had triggered something

[yellowsnow]

https://gold-forum.kitco.com/showthread.php?154931-ack