Record High NP us$55,000 pT, page-6

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HomeBrand

5,775 Posts.

2546

08/03/22

06:44

Post #: 60047053
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Originally posted by tomboy: ↑

Wooah,
NP rocketed to a Record High of us$55,000 pT in a 3 wave tsunami today

thats us$25.00 lb
thats aud$74,000 pT
forget $23,000 pT from the 2018 target prices.
its triple that.

the 3rd wave was the strongest & biggest
up 60% in a day, up a whopping $12 in a day

went to 25 now 21.80
a close above 21.00 would be way stronger than the prior 2nd wave low of 18.00 and near that 2nd wave high.

clearly Chinese EU US buyers have flooded the empty market & the prior chinese playbook to control & manipulate the NP to stay low has been thrown out the window as they realise that strategy has created a record massive disaster for global Ni stocks which are barren caused by 8 years of unsustainable deliberately low prices.

and theres no stock incoming or to be found for years to come.

with this record NP, fueled by Norilsks sanctions, ruskie production all diverted to their 100 military factories and no end in sight till October northern winter sets in, there is going to be 7 months of NP spikes.

We are in the starting phase of the MOTHER OF ALL NI BOOMS imho.
bigger longer than ever seen before, even.more than 1969 & 2008.

if this follows the LiP IOP, a 600%-1000% move may follow
thats 24 to 43 or 53,000-90,000. Is it possible?

The records are only just starting to be broken.

only last year they said i was crazy calling 10-13, now its 22.00. I was SPOT ON!
Who other than me called this spot on?

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You've been up all night watching the nickel price price haven't you?

At least in this post you didn't say "thank you China, Russia, USA and EU" for this mother of all booms.

I can't handle your posting anymore...way too much red cordial.

Edit: DIsclosure = Held

Last edited by HomeBrand: 08/03/22

POS Price at posting: 9.1¢ Sentiment: None Disclosure: Not Held
5 Upvote

2 Great analysis

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Record High NP us$55,000 pT, page-6

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