Remember the Nickel short squeeze of March 2022, when the...

Remember the Nickel short squeeze of March 2022, when the Russian invasion of Ukraine led to a huge shortage in the market, and a staggering surge in the price which nearly bankrupted one of China's biggest commodity traders and the LME itself?



Well now, we are getting the copper squeeze..

It all started one month ago, when we reported that in an attempt to enforce sanctions against Russia that actually worked (as opposed to the joke that is the western "oil embargo" now openly breached by absolutely everyone), the "US, UK Banned Deliveries Of Russian Copper, Nickel And Aluminum To Western Metals Exchanges." There, in our conclusion, we wrote that "history has taught us that the market will price in some “full-sanction” risk premium which when combined with the current macro bid (reflation narrative, electrification, "copper is the first AI commodity" etc.) means we expect a complex wide rally." Little did we know how truly historic said rally would be just one month later.




And maybe soon, we will enter the fabled silver squeeze..

https://jensendavid.substack.com/p/what-i-see-transpiring-in-the-gold

Which, of course leads to the even more fabled gold squeeze..