some extremely weird price action in the Ni market .......move from 5.40+/- to 6.20 +/- .....and yet "inventory" additions ......
LME is a futures mk.....
they will only go long - if they think price is going up ......
metal still finding its way onto the LME ......shadow inventory is "unknown" .......big banks control circa 70% of wharehousing capacity .....
has anyone got a chart of open interest over the last 3 months or so ?????
to me - smells "fishy" .....either someone is trying to disguiss buying a lot, or this is a short term "ramp" ......
rgds
V_H
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