guys,
Do you believe Nickel price will be $15000 soon. It is the requirement of a bear market. Since 1987, Nickel price was trading between $4000 to $10000. It means many projects are NOT economical during that period. When it is at $55000, if you are the management of big mining giants e.g. BHP. The fist thing yoo do is SHORT. It found the first support at $25000 then rebounded to $35000 trading for 5 months. It enable the big mining companies enough time to short (both in the market and off market).
Beware of nickel stocks with production cost higher than $20000 since the guys have enough time to sell the stocks to you. You cannot deny that once the price dropped lower than $25000 in May 2008, Most of these high cost producers lost 80% in 3 months.
Of course the nickel price may rebound to 23000 to 24000 or even higher than 25000 to attract you guys to the trap again. Remembering bear market requirement.
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guys,Do you believe Nickel price will be $15000 soon. It is the...
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