Nickel supply not so high, page-6

US interest rates predicted to rise on Thursday night
US$ index hit 100 then back to 96 now, expectations built in for 2 rate hikes for months now, may not happen, expect weaker GDP, weak global growth & jobs numbers to stymy rates spikes and ensure QE infinity like in Japan.

Plus Trump winning the Presidential race starting Feb ending Nov 2016 on a platform of lower currency countermanipulation, austerity, budget slashing, ground wars & protectionism will guarantee US$ drop & NP rise.

The market is sideways till a defined trend appears. May move sharply during low resistance holidays as the chinese, islamists and Indians are not on holidays. Ground troops in Iraq & Syria for the yanks & French & ruskies & Turks & Iranians & Saudis already in stealth. This regional war is getting bigger and worse daily ignored by the steel market thus far.

The LME stocks are rising with NP... countertrend... seems another floor formed at 3.95-4.05 as i stated months ago.

The chinese Ni cartel will move this sooner or later with their nuclear options (on market buying of $1B per month). Glencore & FQM & BHP are shuttering, typhoon in Phillipines shuttered Ni ore deliveries this week once again.

Macro factors look good for a rising NP. But we thought that last year too.