MBN mirabela nickel limited

A realistic and optomistic view - (rampless), page-6

  1. 3,914 Posts.
    We will see I guess.......but that was my understanding from the information available to the market and I am not saying it should rally, I am saying it is starting to rally again according to the market information.

    However, I disagree about the USD, it may have a negative impact on nickel price (to some small extent but the expected .25% interest rise from .25% to .5% in the US will affect foreign currency more then commodity price, IMO) and anyway, it will be offset by the positive impact on the REAL and given the situation in Brazil, the increase in USD will have more impact and China need to resupply their nickel inventory for the certain nickel grade for NPI production......but I guess we will see, hey.

    Brazil current interest rate are usually high in the past around 5% but it currently at 13.25% so they have a lot of room to move during the recession as many predicts will come, compared to the US current interest rate of .25% (which they will move slower).
    Last edited by user23: 08/05/15
 
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