LME Warehousing; Overdue Reform or Regulatory Over-Reach? Andy Home

(Before It's News)

SOURCE: [reuters.com] – What to make of last week’s mass cancellations of zinc at London Metal Exchange (LME) warehouses in New Orleans?

Wednesday’s LME stocks report showed 91,400 tonnes of metal moving to the physical departure lounge at the U.S. port.

A similar round of heavy cancellations in late December created a “flash” load-out queue for zinc at New Orleans. Even after 53,375 tonnes of draws over the course of January, the queue still stretched to 48 days at the end of the month.

It has just got a whole lot longer.

Zinc bulls would love to believe that this huge tonnage of metal is going to fill a hole in the physical market, a sign of supply deficit and a herald of higher prices.

Full Article

The post LME Warehousing; Overdue Reform or Regulatory Over-Reach? Andy Home appeared first on Gold Editor.

• Expect Seesaw Changes in The Oil Price Recovery
• Gold Miners ETF Field Expands With Double-Leveraged Funds
• ‘Surprise that NSA has tech capable to infiltrate air-gapped computers’
• Keiser Report: Puny Tax Evasion (E720)
• Honesty Shocker: Telegraph’s Political Commentator Quits Over HSBC Coverage, Accuses Paper Of “Fraud On Readers”
• “Optimistic” Putin Says US Already Supplying Arms To Ukraine
• Holder Gives 90 Day Ultimatum To Bring “Financial Crisis” Cases Against Bankers
• Ukraine “Truce” Fails: Withdrawal Deadline Passes, Debaltseve Situation Deteriorating
• Fed’s Household Credit Report Confirms It Is A Student And Car Loan “Recovery”
• The Ultimate Crisis Will Be a Central Banking Crisis