Not cherry picking data and not it is related to Nickel.
But it says,
1. Price can go down with LME stock level
2. Price can go up with LME stock level but stock level can suddenly start falling while price keep going up.
Not every Nickel user in the world buy Nickel through LME.
Nickel Boner Update, page-32
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0.5¢ |
Change
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Mkt cap ! $21.01M | |||
| Open | High | Low | Value | Volume |
| 0.5¢ | 0.5¢ | 0.4¢ | $6.979K | 1.493M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 70 | 91115172 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 0.5¢ | 5804855 | 13 |
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