jj syd, page-5

You have to say the reason Mincors price has stagnated is because the market doesnt believe the current nickel price is sustainable.
LME stockpiles are more likey to rise than fall in future and dont forget the heavy accumulation that took place between 60-70c,funds are happy to take 300% profits here as most of us would if we had the chance.
$17 per pound is ridiculous at the moment and i believe it needs to retrace to about $12-13 which is about 50% of the breakout from $7.
Good luck to those who short though as nickel price is in blue sky territory at the moment.