For me it’s not a question about WSA. It’s about the price of nickel.
What can lead to pushing the price of nickel through this range of $4-6 us/lb?
Main variable: supply ie Phillipines and lndonesia.
Demand China steel price Tesla etc
Plus macro factors. Big picture stuff. What happens to commodity prices in general if there is tightening in monetary policy by US fed? What happens to prices if there is an increase in interest rates globally?
The price of WSA is tied directly to the price of nickel and has been range bound for years. But just lately it looks more likely than ever to break out of its range just because of where it is and the building of momentum of the fundamentals listed above. DYOFR but I’m bullish.
For me it’s not a question about WSA. It’s about the price of...
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