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Dear HartcliffAlthough not unprecedented, the $300 backwardation...

  1. Eos
    394 Posts.
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    18/08/06
    23:00
    Post #: 1746142

    Dear Hartcliff

    Although not unprecedented, the $300 backwardation limit is quite extraordinary.

    It is the LME's equivalent of declaring Marshall law to settle the panicking mob of traders.

    Hopefully, it will also stabilise prices on the high side as well.

    Regards Eos
    MRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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