I suspect my exit from AGM will prove to be an astute move yet again. Those nickel inventories on the LME are sending out alarm bells. Now over 35,000 tonnes of surplus and growing at alarming rate. A 4% correction in the nickel price last night will ensure the enthusiasm for nickel is once again tempered today and in the coming weeks. AGM is a long term winner in 2008 but better opportunities elsewhere for those wanting their cash to work for them. Idle stocks in a bull market are a liability.
I suspect my exit from AGM will prove to be an astute move yet...
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