>>60905486
We've dealt with that specious argument already
in this post >>60904138

A brief intraday high caused by a shortsqueeze isn't the true value of the commodity at that time. Just like the nickel price of $100k/ton during the recent shortsqueeze isn't a fair representation of the nickel market price.
>The price of nickel at the exchange increased by more than 100 percent, reaching over US$100,000 per tonne before LME trading was suspended.
https://en.wikipedia.org/wiki/LME_Nickel