Nickel kept climbing on Thursday. The Wall St Journal has just...

Nickel kept climbing on Thursday. The Wall St Journal has just published a good piece on the situation:

http://online.wsj.com/news/articles/SB10001424052702304626304579509802199407532?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304626304579509802199407532.html

"Nickel prices are soaring amid growing concern about the availability of supply from Indonesia and Russia, the top two producers of the metal.

The price of the industrial metal, which is used to make steel stronger and more resistant to corrosion and extreme temperatures, hit a 14-month high on Thursday, bringing year-to-date gains to 29%."

The WSJ quotes one analyst who is very bullish indeed:

"If we continue to see drawdown of the inventories that the Chinese are holding, you could get quite an explosive environment in nickel prices," said Jeremy Baker, portfolio manager at the $732 million Vontobel Belvista Commodity Fund in Zurich.

Mr. Baker said his fund was holding bullish bets on nickel futures. He said prices between $22,000 and $23,000 a ton are "not out of the question in the months ahead."

So.... How high will Ni go??? I'm holding on tight for a wild ride....
Lol
Best wishes to all POSition holders.
Dave :)