Epstein Secrets

From: Daniel Sabba Sent: Thursday, January 8, 2015 2:50 AM To: Jeffrey Epstein Subject: Fw: EOD Commodities Note - 7 Jan Classification: Public See below trading comment=ry in crude. Implied vol collapsing... Short term down

Thursday, January 8, 2015 2:50 AM To: Jeffrey Epstein Subject: Fw: EOD Commodities Note - 7 Jan Clas

a Sent: Thursday, January 8, 2015 2:50 AM To: Jeffrey Epstein Subject: Fw: EOD Commodities Note - 7 J

stricter financing rules. Shanghai Aluminium on wa=rant stocks are down 3.71% to 48.6 kMT. LME Aluminium on warrant stocks ar= flat at 1852.2 kMT. Shanghai Copper on warrant stocks are flat at 30.8 kM=. WE Copper stocks are up 0.21% to 154.1 kMT. 'NE Nickel stocks are down 0.09% to 328.4 kMT. Copper Vols are

From: Daniel Sabba < Sent: Thursday, January 15, 2015 3:41 AM To: Jeffrey Epstein Cc: Vahe Stepanian Subject: quick update - crude vol + Brazil CDS Classification: Public Jeffrey — see cr=de oil trading commentary below. Implied

ursday, January 15, 2015 3:41 AM To: Jeffrey Epstein Cc: Vahe Stepanian Subject: quick update - crude vol + Brazil CDS Classification: Public Jeffrey — see cr=de oil trading commentary below. Implied vols went = down and the index is slightly up. Mar15 WTI vol (which e=pires in Feb15) is down to

Thursday, January 15, 2015 3:41 AM To: Jeffrey Epstein Cc: Vahe Stepanian Subject: quick update - cr

t came off towards the close. Shanghai Aluminium on warrant stocks are up 21.62% to 56 kMT.=LME Aluminium on warrant stocks are flat at 1839.8 kMT. Shanghai Copper on=warrant stocks are up 23.08% to 48.4 kMT. LME Copper stocks are up 2.4% to 170.9 kMT. LME Nickel stocks are down 2.55% to 317.8=kMT. Copper Vols

From: Daniel Sabba To: "Jeffrey E." <[email protected]> CC: Vahe Ste anian , Pa

From: Daniel Sabba To: "Jeffrey E." <[email protected]> CC: Vahe Ste anian

a unless Chian steps up exports. Shanghai Aluminum on warrant stocks are down 0.18% to 54.9 kMT. LME Aluminum on warrant stocks are flat at 1731.6. Shanghai Copper on warrant stocks are down1.31% to 37.8 kMT. LME Copper stocks are up 13.55% to 260 kMT. LME Nickel stocks are down 0.34% to 309 kMT. Copper Vols a

Brent: DBCMBSV2 Index Regards, Daniel From: "jeffrey E." <[email protected]> To: Date: 12/21/2014

do this right... Could we please have a call so we can walk through some details of the index? I am out tomorrow but anytime Tuesday works. From: "jeffrey E." [email protected] Sent: 12/21/2014 04:26 PM AST To: Daniel Sabba Subject: Re: Fw: EOD Commodities Nov - 19 Dec EFTA_R1_02151754 EFTA0271618

to fall to 7451 kMT Shanghai Aluminium on warrant stocks are down 6.55% to 69.8 kMT. LME Aluminium on warrant stocks are down 2.47%% to 1957.7 kMT. Shanghai Copper on warrant stocks are down 6.41% to 26.6 kMT. LME Copper stocks are flat 140.7 kMT. LME Nickel stocks are up 0.03% to 304.6 kMT. 3 EFTA_R1_0215175

From: jeffrey E. <[email protected]> Sent: Thursday, December 18, 2014 5:23 PM To: Daniel Sabba Subject: Re: Fw: DB EOD Commodities Note - 17 Dec [C) send me

odities Note - 17 Dec [C) send me a numer to call On Wed, Dec 17, 2014 at 6:22 PM, Daniel Sa=ba < Classification: Confidential <mailto > wrote: Jeffrey - we are close to breaking 50% in WTI short term vol. Forwarded =y Daniel Sabba/db/dbcom on 12/17/2014 05:20 PM From: Prateek Jain/db/dbcom@DBCO

t of 178kMT in 2013. Shanghai Aluminium on warrant stocks are down 0.96% to 77.2 kMT. LME Aluminium on warrant stocks are down 1.05% to 1994.7 kMT. Shanghai Copper on warrant stocks are flat at 28.5 kMT. LME Copper stocks are down 3% 140.8 kMT. LME Nickel stocks are up 0.31% to 309.9 kMT. Copper Vols are up —0

[email protected] Cc: , Paul Morris , Stewart Oldfield Subject: crude oil commentary Date: Mon, 15 Dec 2014 21:52:40 +0000 Classification: Public Jeffrey, see below - short term crude ivols up to 48% with UAE oil ministers comments... We have been working on some short vol trades in oil we could discu

efore losing ground at 16:00. Shanghai Aluminium on warrant stocks are up 16.27% to 78.7 kMT. LME Aluminium on warrant stocks are flat at 2016kMT. Shanghai Copper on warrant stocks are up 18.57% to 18 kMT. LME Copper stocks are down 5% 144.2 kMT. LME Nickel stocks are up 0.27% to 307.5 kMT. ATM Copper Vols ar

From: Daniel Sabba Sent: Friday, March 20, 2015 7:59 PM To: jeffrey E. Subject: RE: FW: EOD Commodities Note - 20 Mar (C) Attachments: 182298_20150319_20150320_1.pdf Classification: Confidential It was marked at -341

all in it= key European markets Shanghai Aluminum on warrant stocks are flat at 112.5 kMT. LME Alu=inum on warrant stocks are up 1.57% to 1927 kMT Shanghai Copper on w=rrant stocks are down 0.93% to 83.3 kMT. LME Copper stocks are up 0.41% to 247 kMT. LME Nickel stocks are flat at 3=4 kMT. Copper Vols are unc

Wednesday, December 17, 2014 10:23 PM To: [email protected] Subject: Fw: DB EOD Commodities Note - 17 Dec (C] Classification: Confidential Jeffrey - we are close to breaking 50% in WTI short term vol. Forwarded by Orniel Sabba/db/dbcom on 12/17/2014 05:20 PM From: Prateek Jain/db/dbcom@DBCO

t of 178kMT in 2013. Shanghai Aluminium on warrant stocks are down 0.96% to 77.2 kMT. LME Aluminium on warrant stocks are down 1.05% to 1994.7 kMT. Shanghai Copper on warrant stocks are flat at 28.5 kMT. LME Copper stocks are down 3% 140.8 kMT. LME Nickel stocks are up 0.31% to 309.9 kMT. Copper Vols are up -'

From: Sent: To: Subject: Attachments: Daniel Sabba 1/9/2015 1:53:22 AM Jeffrey Epstein [[email protected]] Fw: EOD Commodities Note - 8 Jan [C] image001.jpg; image002.png Importance: High Classification: Confidential Vol in crude co

chments: Daniel Sabba 1/9/2015 1:53:22 AM Jeffrey Epstein [[email protected]] Fw: EOD Commodities Note

be going down this quarter. Shanghai Aluminium on warrant stocks are down 3.52% to 46.9 kMT. LME Aluminium on warrant stocks are flat at 1852.2 KMT. Shanghai Copper on warrant stocks are up 0.97% to 31.1 kMT. LME Copper stocks are up 0.67% to 155.1 KMT. LME Nickel stocks are down 1.21% to 324.4 kMT. Copper Vols a

From: Sent: To: CC: Subject: Daniel Sabba 3/31/2015 8:06:56 PM jeffrey E. [[email protected]] Vahe Stepanian FW: EOD Commodities Note - 31 Mar Importance: High Ariane Dwyer From: Prateek Jain Sent: Tuesday, March 31, 20

lant reaches full capacity this month. Shanghai Aluminum on warrant stocks are flat at 108.1 kMT. LME Aluminum on warrant stocks are flat at 1888 KMT Shanghai Copper on warrant stocks are flat at 86.7 kMT. LME Copper stocks are up 0.11% to 252 kMT. LME Nickel stocks are up 0.41% to 332 kMT. Copper Vols are down 0.