MB Nickel Conference Analyst

You've gotta love this analyst...

He's saying its either going to go up over 20,000 USD... Or stay below 15,000 ... covering his bases me thinks.

I'll go with the exceed 20k option thanks.  Looks like he was right about the large swing and she's on the move... I hope anyway

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MB NICKEL CONF: Nickel prices will exceed $20k or stay below $15k, Marex says

April 30, 2015 - 16:00 GMT Location: London
KEYWORDS: base metals prices , nickel rally

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Nickel prices will either shoot through $20,000 per tonne or remain below $15,000 per tonne, according to Guy Wolf, global head of market analytics at Marex Spectron.
Speaking at Metal Bulletin’s 3rd International Nickel Conference, Wolf said Marex turned bullish on nickel on April 8, the day after a drop of $475 triggered demand.

"It’s either going to go north of $20,000 or it’s not going to go above $15,000," he said.

"Nickel is not going to go up a little bit, it’s going to go up a lot. What I don’t see is middle ground," Wolf told delegates.

Wolf told Metal Bulletin earlier this week that nickel is vulnerable to large swings in price because it is relatively illiquid and when market participants see volatility, they want to participate.

The trends that have been driving nickel prices down, such as rising warehouse stocks and the weaker rouble, are stopping or turning around, he said.

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