nickel prices & the crystal ball

Hi guys,

Nickel down a fraction again today to $5.69us/lb, while the AUD/USD tested $0.7498.........

If the US dollar strengthens a couple of more % I think we can expect Nickel to be trading around $5.50 us/lb shortly.

The 6 month chart shows that twice Nickel touched $5.50us/lb & both times Nickel jumped to over $7us/lb within 4 weeks.

If Nickel can't hold $5.50us/lb prices will plummet to $5us/lb where in my opinion fundamentals will cause the Nickel chart to "double bottom".

$8us/lb may well be tested again sometime before Xmas 2005.


That's what my crystal ball is saying anyway. lol.

I'll let you guys now when I can see something else.

cheers,

Tom.