due for a speeding ticket, page-6

Let`s not forget that there has been a circa. 1200t net outflow from LME warhouses (sub 50,000t now) in the last 2 trading days... Might be that the destocking phase will be beginning in earnest... It might be that the long-awaited return of buyers may be making its prescence felt in the markets... At a certain point they have to buy - no matter how much they think holding off might drop prices... I also read somewhere a rumor (that`s all it is) that a bidder for Norilsk Nickel (i forget the guys name - but he`s one of those olgarch types) has been parking physical Ni on the LME as a ploy to drop his bid price for the Ni miner...