Does the London Metal Exchange Have an Obligation to Stop a Short Squeeze?

The london metal exchange halted trading and let everything kind of get sorted out. It was the first trade freeze since the collapse of the international tin cartel in 19 85. A lot of people who were on the long side of nichol for whatever reason, ended up thinking that they'd made a whole bunch of money because prices went up to a hundred thousand dollars a ton. Then those trades got cancelled, and they were told, actually, yo didn't make a whole lots of money on t Tuesday. And so there is a bunch of anger and vitriol being directed at the l m e from people like cliff asnes, who's a famous shortseller. James mackintosh has