Attempts to “corner” a metal market invariably end in tears, if not jail time, which is what happened in silver in 1980 and copper in 1995, so when the market in nickel “inverted” last week warnings were issued that an old game was being played in one of the new generation of battery metals. The term inverted essentially means that the short-term price of a product, whether a metal or a government bond, rises above the long-term price, which is unnatural and a sign of trouble ahead. An inverted bond yield can be interpreted as a recession pointer. Silver had its crisis when three brothers who were heirs to the Hunt ... (full story)