Something is happening in the Ni price It is now around $A 20,000 which should give mcr a good margin and other producers as well. LME stocks are still increasing but as I have posted before this can be misleading Copper may also have hit a short term double bottom and the $A is looking weak but if we are in a commodity reversal that could change but usually with a lag..Gold has had a key reversal and contrarians looking at the$ US high will buy..Buy now could well be rewarding as the bears are short commodities and overdue for a short squeeze ..
MCR Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held