price of nickel soaring
LME nickel ends the day at $13.65/lb (30,100/tonne) * * Financial Times - "Base metals markets have become overly concerned about a slowdown in global economic growth," said Francisco Blanch, commodity strategist at Merrill Lynch. "[But] momentum in the world economy continues to be very supportive, fed by a strong global investment cycle, positive employment growth and still relatively accommodative financial conditions." article here * Overly optimistic? - South African Standard Bank forecasts nickel prices to average $12.25/lb in 2007.
Even at this average for 2007 AGM are going to get very rich....or should i say shareholders.....lol
AGM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
