Nickel The New GameStop!
AmplifyME | Mar 09, 2022 11:47
The energy market goes crazy (again!) as the US & UK consider an oil ban while the EU plans to cut Russian gas imports by 2/3 in a year.
NICKEL SHORT SQUEEZE
Nickel, used in stainless steel and electric-vehicle batteries, surged as much as 250% in two days! A Chinese tycoon who built a massive short position in the nickel market is apparently facing billions of dollars in mark-to-market losses as a result of the surge in prices.
RETALIATION BITES
Russian Deputy Prime Minister Alexander Novak has threatened to cut off natural gas supplies to Europe through the Nord Stream 1 pipeline in retaliation to Germany’s decision to block the operation of the new Nord Stream 2. Novak said "It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market", even stating that oil could reach $300/bbl!
APPLE WHAT TO EXPECT TODAY?
Apple (NASDAQ:AAPL) is poised for its first live stream event of 2022 with rumors suggesting the company will announce a new third-generation iPhone SE with 5G.
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