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
AVQ Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
