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Nickel has gone from $14 to $6 in the past 5 years. You're...

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SilverTrain108

607 Posts.

04/05/15

10:01

Post #: 15210293
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Originally posted by rusty02 ↑

Hi All.
I think Invest4it apply worded thread is spot on the money.
"Nickel Running Red Hot"

From Bloomberg's this morning.
On-going weakness in the US dollar helped fuel a strong session on the London Metal Exchange, where nickel hit a one-month high and copper its strongest level of the year. London copper rallied 3.1%, aluminium 2.2%, lead 1%, nickel 4%, tin 1.8% and zinc 2.2%. US copper for May delivery was recently up % at US$2.87 a pound.

That's 10% gain in 5 days for Nickel. We were also discussing commodities in general with SilverTrain and I did mention also Copper, tin and Zinc in relation to the commodities most wanted for future capital works in 2 big powerhouse economies. Look at the increases overall.

cheers
M

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Nickel has gone from $14 to $6 in the past 5 years.
You're trying to hype a 10% rise? Really?

Which " 2 big powerhouse economies"? You think when China's bubble bursts along with Europe, Japan, United States that demand for industrial commodities will go up?
You are kidding yourself.

Once again, Axiom has great potential (hence I have been invested in it for 5+ years), but please be realistic when discussing Nickel.

AVQ Price at posting: 28.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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