Now we know who was on the winning side to all those Chinese losing positions.
Poster Comment:
A Chinese tycoon had lost $8 billion shorting nickel on the LME (London Metal Exchange.) There are similar exposed positions on gold and silver plus others as well. That Minister for Macroeconomics from the Eurasian Union is determined to destroy the Dollar by organizing a Third World Debt Default. He wants to end all debt payments in dollars, pounds, euros and yen. His name is Sergei Glayzev.
China will host the next meeting of the BRICS(Brazil, Russia, India, China, South Africa) on May 19, 2023. China wants to expand BRICS to bring in cash strapped Third World nations eager to stopp paying interest on their debts.
The next few months will be your last chance to buy silver and gold. My state has repealed the sales tax on gold so they can be treated as money.