Nickel ended up at $4.6728 after being a little higher and lower, so it looks like it has settled on the higher price for now.
The really good news is that the DOW didn't crash and burn in response to failure of the Auto industry bailout as was widely expected.
I can't see ALB crashing down with Nickel at $10,467/t, but a price of $11,200/t, $5/lb would be more secure.
I have a sneaking feeling that Nickel stocks are turning around and all those producers that are no longer producing could send ALB into orbit. Or not (DYOR).
Robert
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