Hi @SandyC Lots of smoke and mirrors been happening on the...

Hi @SandyC

Lots of smoke and mirrors been happening on the Nickel commodities markets from all reports.

Nickel supply's only been shuffled around and stored in warehouses not linked to futures exchanges data for the last 12 months. This accounts for the false drawdown perception and potential supply issues the markets been seeing.

Cheers
Tradealot


Flow of LME nickel to hidden storage dents bull story


https://uk.reuters.com/article/uk-m...hidden-storage-dents-bull-story-idUKKCN1MT1RB

Quote from the late October 18 article.

"BMO Capital’s Hamilton estimates that 465,000 tonnes of nickel is stored in hidden, or non-exchange, warehouses."