The charts show a consolidation period.
News such as Inco shutdown, Norilsk freezes over, should help Nickel prices.
Nickel prices should help JBM.
Potential announcements such as,
"Prospero contains 30,000 tonnes Nickel",
"Chinese join Anomaly 1 Project"
"Alec Mairs 30,000 tonnes High Grade Nickel Sulphides"
are other possible share price movers.
Support above $5.30 is strong.
Support above $7.20us/lb is strong.
A weaker AUD shows Nickel prices at AUD 6 month highs.
Nickel prices are merely in the 1st phase of a decade long Bull Run.
Highs of the 1st phase are yet to be reached.
Investors can have no fear.
Traders should note the potential money mover announcements that are LIKELY to happen in the short term.
Go long.
I'm long from $2.84.
Cheers.
JBM
jubilee mines nl
60 day nickel & jbm charts
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