Nickel prices went wild on the LME due to a massive short gone wrong after Russia invaded Ukraine. These prices are for nickel delivery contracts used as hedges by nickel companies and for betting/trading/investing for anyone who would like to. These prices typically align with the prices nickel consumers pay nickel suppliers for physical nickel. But, in this case, they were wildly divorced from those prices as a massive short squeeze took place, as discussed above. The statement you received explains that they believe supply and demand will regain a hold as the dominant force in determining prices soon, rather than the near-term dominant force, which has been the short squeeze that took place.

Basically, the normal pricing regime will resume and the short term regime determined by financial shenanigans will dissipate.

I did read some additional material on that nickel squeeze that argued the wider industry would not have been crushed. If true, I agree there should be an investigation into favoritism from the LME toward the company that had the massive short on.

Thank you

Anyone who has invested the last 30 years in a broad based portfolio has absolutely crushed - if its rigged then its awfully easy to win over time.

If LME contracts are physically deliverable, when the price got that high, producers and holders of physical nickel could have locked in those prices by shorting with intention of delivering metal. Why didn't that happen to drive the price back down? There was a shortage of metal or anticipated shortage of metal, otherwise it would have. So maybe the price wasn't wildly divorced from fundamentals. And maybe those who were naked short in the face of 10% of world production potentially going offline deserved to get smoked instead of bailed out.

The trades that set this off 3 weeks ago took place in a matter of moments so I'm unsure that these companies could've done that. I don't know enough to say one way or the other, honestly. Moreover, there are still large shorts out there from my understanding. Maybe you're right that prices weren't divorced from fundamentals. I'm not sure anyone can say with certainty. This market is basically broken at the moment due to all this and the resulting lack of liquidity as traders pull out.

I know y'all gettin tired of me pumping zen but I just cant help it

https://www.canada.ca/en/environment...chemicals.html
https://www.youtube.com/watch?v=18oz...nnel=ZentekLtd.

New R&D development, fire ******ant coating - without the toxic chemicals

i joined for the ride, scared of pennies so only 50 shares at 2.91

stop orders out over yesterdays highs on KOPN AQMS. Traded AQMS off technicals well in the past when its in play.

Stops never hit. Sold rest of HYMC and added TZA

I bought some 7/17 550 Tesla Puts for old times sake, a couple of days ago. I think this continues to unwind down, barring more free money from fed.

Well this was just about the worst possible timed post ever.

Shoulda just totally cashed out, was almost 2x smh.

Get wrecked shorty.

gonna put a buy stop out like 7.80 (over yesterdays high) for ICVX. Small-caps are going failed signal on this failure to breakout of range. Small-caps have gone nowhere even on this recent rally up. That breakout end of march was a bull-trap. I think it could break the lows soon

Sandman always has atleast one good pick off his nightly watches. Stockcats ES predictions have been accurate. Yet again

nice runner. Locked in 80% for about 9% gainer

looking to fill some DBA May calls. It's breaking out. Watching DBC USO

In may $29 and $30 DBC calls, monthly DBA too. Oil price is breaking out of a clean symmetrical triangle today. Commodities back in play with the relative strength today vs equities

Knew something seemed off about Musk not joining the board after his Twitter purchase. Doubt they take just $10 over current price no matter what. Stock hasn't even budged.

ICVX is back, that was a great entry on DBC. Got some UCO too. I see these continuing. Still have DBA too. Gonna cut this partial of TMC I've been bagholding down 13% on it.

I backed the truck up on PEA.to a few weeks ago, it's moving up nicely but we're still waiting on some news on their floating LNG project. I think it was going to cost 10b and nat gas was in the tubes when they did the last strategic review. Story is very different now and they are supposed to be proposing a new cheaper alternative to get the project up and running.

They sell LNG to Germany so fingers crossed...

my avg is about .60 just holding for now see where it goes, even without the LNG project it's making big bucks with current commodity prices.


CALGARY, Alberta, July 02, 2021 (GLOBE NEWSWIRE) -- Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) today released the following statement from Chief Executive Officer Alfred Sorensen with respect to a future path for the Company’s Goldboro LNG Project:

‘While Pieridae has made tremendous progress in advancing the Goldboro LNG Project, as of June 30, 2021, we have not been able to meet all of the key conditions necessary to make a final investment decision. Following consultation with our Board, we have made the decision to move Goldboro LNG in a new direction. The Project’s fundamentals remain strong: robust LNG demand from Europe and high global LNG prices, Indigenous participation, a net-zero emissions pathway forward, and support from jurisdictions across Canada. This speaks to our ongoing efforts to find a partner to take advantage of these opportunities.

That said, it became apparent that cost pressures and time constraints due to COVID-19 have made building the current version of the LNG Project impractical.

We will now assess options and analyze strategic alternatives that could make an LNG Project more compatible with the current environment. In addition, the Company will continue its work to further optimize the operation and development of our extensive Foothills resources and midstream assets, including our carbon capture and sequestration and blue power development.

Pieridae continues looking for innovative ways of supplying the world with the clean natural gas it requires as a reliable bridge fuel, and providing the energy to fuel people’s lives while supporting the environment and the transition to a lower-carbon economy.’

Gonna pick up a few FB puts for next week, maybe 190 or 200. Metaverse might be future but it’s definitely losing money right now. NEtflix massacre looks like a market itching to ojnish bad news

oh no, i recently bought more

care to elaborate a bit, i'm all ears

No amazing insight, just think that everything that caused their crash is going to look worse this time.

Zuckerberg has been pretty upfront that he realizes the main FB app has hit its peak, and they’re going to plow all in on Metaverse.

They lost users for the first time ever last quarter. Very little chance of that going up. Their growth recently is all international and with war and virus concerns over the last quarter, seems unlikely to get a boost there.

So burning cash on new products + slight decline of user base is likely. Earning estimates getting revised down in multiple spots.

Mostly it’s a bet that the market is in a mood to overreact though, everyone looking for bad news. I’m actually bullish on the whole Metaverse deal long term and think they make so much cash they’ll be able to take a legit shot at it + their P/E is down to like 15 which seems like a steal. Short term though I like it for a dip.

Might’ve lost my chance though. Looks like too many people had the same idea after seeing Netflix drop. Was gonna pick up some 200 puts, but looking too expensive on open today.

good points, looked at it and it was already down to 200 after 220 just a short while ago so i guess i'll ride it out just like with baba and baidu

how is SEAS at an all time high and the only puts I bought like how the hell did I manage to pick the one company that's just refusing to go down

How I feel with Tesla, but I’m actually only down 3% on that gem despite the price action