as usual, page-3

Shows the irrationality of the market.

It's the long-term average price of the nickel (or whatever) produced that counts; miners don't sell some every day. Thus a blip in the price makes no difference to profits, up or down. FXR should be solid or rising if the TREND in nickel is up, weak otherwise. And one day's price change does not make a trend!

But knowing that is good for traders ... who ride out or buy on the dips in the metal price.