Seriously, the Nickel price is in the hands of Hedge funds.
Inventories are not a problem because dumpers of inventory have taken profits already.
Short term Nickel fundamentals(6-12 months) IMHO are unsurpassed by any commodity.
I joke about Nickel prices often because I realise I have no impact in Nickel prices or Nickel Mining ASX companies.
Nickel is still my favourite element bexcause I can see the near term future profits.
Nickel goes up & down in the price but the fundamental reasons for the prices remain BUT, BUT, There is NO Nickel Boom currently.
Say for instance if Nickel was treated the same way as excrement & traded with the same glory as excrement I would personally sit on profits MUCH higher.
What I am saying is that the market dictates currently that Nickel is worth shite & therfore everybody who goes to the toilet is flushing away(if they flush), thousands of dollars.
