Yeap. I thought nickel would bounce tonight. "Nickel continues to fall on speculation that stainless-steel makers will continue to cut usage after the earlier price rally last week". Its only speculation though. I wouldnt be surprised to see nickel bounce back just as fast.
Taken from kitco below..
``Prices will fall to around $36,000, $37,000 in the next three months,''
Thats actually a good price level and AGM will be very profitable at these prices. Doesnt matter how profitable AGM will be though..some investors will still sell in a panic.
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downtrend firmly in place, page-31
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