Good morning Mr. Bone,
Or swimming in a sea of Nickel and Nickel is irreplaceable and not going anywhere Mr. Bone.
Because we know that our clever captain has been very busy trimming his sails so that he can navigate this sturdy little boat from the Optimum point of sail and catch that change in the wind when it comes in on the Beam Reach so he and his crew can be Running before that Gale force South Easterly that we know will blow and across your "Sea of dreams'' to a safe haven where we can secure our treasure in a safe haven .
On a side note,
crustbuster saw his first Syber truck on the street yesterday and it feels like you've made it to the future when you first see it , makes quite an impression when a massive chunk of Stainless steel is sitting on the road beside you and I can't wait to see a Tesla Semi .
Nickel is essential for humanity due to its wide range of applications that support modern life, infrastructure, and technological advancement. Here’s why it matters:
First, nickel is a key component in stainless steel production, which accounts for about two-thirds of global nickel use. Stainless steel is prized for its strength, durability, and resistance to corrosion, making it critical for industries like construction, transportation, and manufacturing. Think bridges, buildings, railways, and even kitchen appliances—nickel ensures these structures and tools last longer and perform better under harsh conditions.
Second, nickel plays a huge role in energy and technology. It’s a vital ingredient in rechargeable batteries, especially lithium-ion batteries used in electric vehicles (EVs), smartphones, and renewable energy storage systems. High-nickel battery chemistries, like NMC (nickel-manganese-cobalt), boost energy density, enabling longer ranges for EVs and more efficient energy storage—crucial as the world shifts toward cleaner energy.
Third, nickel’s unique properties—high melting point, resistance to extreme temperatures, and conductivity—make it indispensable in specialized applications. It’s used in alloys for jet engines, gas turbines, and chemical processing plants. Without nickel, aviation, power generation, and industrial processes would face serious limitations.
On a broader scale, nickel supports human progress by enabling infrastructure and innovation. It’s mined globally (top producers include Indonesia, the Philippines, and Russia), and while extraction raises environmental concerns—like deforestation or emissions—advances in recycling and greener mining tech are addressing these challenges. Humanity’s reliance on nickel isn’t just about convenience; it’s about building a sustainable, electrified future.
Rick Rule’s phrase, "the cure for low metal prices is always low prices," reflects a fundamental economic principle tied to supply and demand dynamics in commodity markets, particularly metals. He’s drawing from a well-known adage in resource investing that low prices eventually self-correct by triggering market responses that restore balance.
When metal prices drop significantly, several things happen. On the supply side, low prices squeeze producers’ profit margins. High-cost mines become unprofitable, leading to shutdowns or reduced output. Exploration budgets get slashed, and new projects stall because they’re no longer economically viable. This cuts supply over time. On the demand side, low prices make metals more attractive to buyers—whether industrial users, investors, or speculators—spurring increased consumption or stockpiling. Together, reduced supply and rising demand push prices back up. Rule often emphasizes this cycle as a natural market mechanism, especially in volatile sectors like precious metals or base metals.
He’s made this point in various interviews, like one with Curzio Research in July 2024, where he explained that the bear market in gold equities sets the stage for a bull market. Low prices shake out weak players and discourage selling, creating a “dead cat bounce” that marks the start of recovery. He’s not saying it happens instantly—metal markets can stay depressed for months or years—but the low prices themselves plant the seeds for the rebound by resetting the supply-demand equation.
Rule’s perspective is rooted in his decades of experience in natural resource investing. He’s seen this play out across cycles: high prices cure high prices by oversupplying the market, and low prices cure low prices by choking supply and boosting demand. It’s a contrarian lens—when prices are low and sentiment is grim, he sees opportunity, not despair.
I don't know anything,
(20min delay)