SMY sally malay mining limited

nickel fell on friday night on lme

  1. AimForSimon
    7,523 Posts.
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    12/10/03
    20:36
    Post #: 268521
    Chinese Government sold 4000 tonnes of Nickel on Friday night resulting in the nickel price falling on the LME.

    This combined with substitution will cap share price movements in nickel.

    Wait for the dips IMHO as they will happen before rallying again. Fundamentals are good but they can turn quickly when countries like China play games with global supply.
    SMY Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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