In the world of finance, few attempts to corner a market are as infamous as that of the Hunt brothers' silver squeeze in the late 1970s. With the backdrop of inflation concerns and a shaky economy, these oil billionaires embarked on a quest to control the silver market. They amassed a massive position, causing silver prices to skyrocket from $6 to $50! But, as often is the way with high-risk games, it ended in disaster for them. 100 years earlier, an equally audacious attempt had been made to corner the Gold market. Nic and Damian also discuss the squeezy derivative trade which at one point made Volkswagen the largest stock in the world. What do these case studies tell us about present day markets? What are the red flags for auditors, compliance and surveillance staff?

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