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.
- Forums
- ASX - By Stock
- JBM
- nickel prices & the crystal ball
JBM
jubilee mines nl
nickel prices & the crystal ball
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add JBM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online