Peeps, LME stock levels have been raided again, another record drop in nickel inventory over night sees a mad scramble for nickel inventory before the indo ban.
we will soon see an even crazier rush as the shortage becomes a crises. Take my word this is not going to end well for those left with little inventory, but for the likes of WSA this is the nickel rush that we've been all waiting for, hence we might be heading towards $6+ or higher still, yes guys double in value might even be a conservative estimate.
reports have emerged that Tsingshan might have ordered another 75,000 tonnes from the warehouse of the world; meaning that world may soon not have nickel in storage reserves, can you imagine that situation? Can you imagine how much oil is currently in reserve stockpiles compared to nickel?? And the demand curve is completely inverse for oil relative to nickel.
with current annual nickel consumption estimated to be heading over 2.2-2.3 million tonnes a year and rising rapidly no wonder there is massive accumulation of WSA at these prices...
HOLD on to your seats peeps this is a rapidly developing story, the age of nickel had arrived right before our very own eyes.
https://www.google.com/amp/s/www.bloomberg.com/amp/news/articles/2019-10-08/china-s-tsingshan-helped-drive-record-drop-in-nickel-inventories
I'm looking to accumulate savagely from here on. One opportunity I'm not going to miss out again. Time to mortgage the house!
are you all with me? Who is going to host the $6 party?
dyor
Peeps, LME stock levels have been raided again, another record...
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