nickel up further, page-21

Hi guys,

Thanks for the positive feedback.

"I believe that the idea about SS freezers/fridges came from Europe and aren't they neat?"

They sure are neat. One would think every housewife in the world would want them(men too).

"On nickel, ML overnight lowered their 2004 nickel price forecast from US$6.50/lb to US$6.00/lb, reducing further to $5.75/lb in 2005."

Excuse my ignorance but who's ML? Can somebody help? Anyway 6 month charts show
http://www.kitcometals.com/charts/nickel_historical.html
Nickel is averaging well over $6/lb currently($6.60?) & of course is currently selling over $6.74 /lb. It seems to me they are predicting a crash prices before years end(very bearish)

For an alternate views read;

"ANZ Investment Bank is predicting the current up-trend in pricing will exceed the Jan 6 high of $8.06/lb. Macquarie Research, one of the most well known and respected research group's, is now predicitng nickel will average $6.80 to $7.70/lb during the next 6 - 12 months, but even they admit "the sky is the limit" in the panic market we are witnessing."

Hmm, I know which numbers I like :)

For anyone with long memories think back to last year November/december. Every Analyst had it wrong. The most bullish predictions for nickel prices 2004 were about $4.75 per/lb. Just as nickel went over $8 p/lb.

Cheers.