trashed and down 6pc overnight, page-17

Hi dolphin,

I agree with your post and outlook.
We had a number of Nickel corrections behind us so far and they all corrected themselves pretty quick afterwards.

The only difference today is that we came from a very high price and therefor can afford to fall a little further then the usual.

I still believe that the supply and demand is still very much in our favour and therefore expect this correction to play itself out once again.

Time will tell but as you know yourself we still have a very low inventory in the LME and with the world economies doing very well right now there will be plenty of demand for Nickel.
The war machine is still going full power ahead which is abosorbing plenty Nickel and ofcourse the greenhouse effect is asking Nickel to play its part to minimise polution.

So we have an every bigger and growing market for Nickel and this will be the case for some years to come.
Only increase of supply will eventually push the nickel price down and be able to keep it down to a reasonable level, where the Nickel producers can still make money and the consumers have a fair deal.

In my opinion this scenario is still close to two years out before the big new Nickel projects are in full production.

What we see today is once again market manipulation by a lot of interesting and different forces.
Being hedgefunds large broking houses and ofcourse the Smelters and offtakers who will do anything to get their hands on cheap nickel.

But this scaremongering will never last long as it can only succeed when large amounts of Nickel are coming on the market.
You and I know that this will not happen in the near future.

Or as you say there is something we do not know.

But I do not belief in fairytales.

Some good bargain hunting next week imho.

Good luck and yes we will see some interesting times ahead.

jojo