capitulation tomorrow, page-10

Mookie,

If you are using Kitcometals for yr Nickel pricing it is incorrect. Why? I think it has something to the way kitco rollover the price at about 4.00am. Kitco are showing the start of the day at around $18.00/lb when the real start was $17.6221, which will mean the decline is showing as steeper than it really is.

I am showing Nickel atm down 3.22% at $US37,600/tonne = US$17.0551/lb.

However that does not diminish yr overall thoughts (like mine) that Nickel is under pressure and this should imo take Nickel related down.

I do suspect though that Nickel is trying to find bottom at around $36,000-$38,000, thus you might not want to holding if Nickel quickly rebounds.

Cheers
Muzz

PS: If you want to look at something that is starting to look ugly it is Zinc. Has now broken support at $US3540/tonne.