All thats happening is the LME is forcing hedge funds that have the metal stored there, to 'unload' some NI into the market
this is all part of the market manipulation game.
Its all a bunch of BS
Slowly the hedgies are unloading little by little not to scare the market
they are being 'forced' to do so??? Ridiculous! Manipulation to get prices down!
All I know is that in the short-term everything is BS.
Long term the fundamentas always shine
Nickel will always be above the mean avg price it fetched over the last god knows how many years
Everyone knew itll come down a bit after going so high
It shouldve been built into your price assumptions and pricing models for your nickel stocks!
EPS of JBM, IGO, SMY, MCR, AGM, MINARA etc will still be very high even with PON at 30,000. Divvys still vwery good. Margins for the sulfide producers sky high.
So who cares???
We all knew that PON at 23-24 was a little far-fetched, didnt we??? :)
let all the speculator/gamblers get out a bit. Itll be better for the volatility for us long-termers (lower volatility and less noise)
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