HIG highlands pacific limited

Well, Ni in USD is at a critical point ... could well break out...

  1. JID
    3,679 Posts.
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    Well, Ni in USD is at a critical point ... could well break out above this multi year resistance zone in a W pattern breakout.

    It is even more impressive given the strengthening USD too:

    Ni_Chart.png

    Likewise Co is looking strong at US$91k t.

    Whilst it obviously sounds (and is) callous to set aside the humanitarian aspect, I am reading that the Ebola outbreak in the DRC is causing speculation that already tight Co supplies could get even tighter:

    http://www.mining.com/cobalt-price-congo-ebola-outbreak-compounds-acute-supply-fears/

    The difference of all this for HIG vs. many other ASX juniors is that HIG is currently monetizing this and putting cash in the jar.

    Cheers
    John
 
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