What is happening? MCR is giving the most bullish signs I've ever seen it give, that's what's happening.
Have you been watching the market action over the past 2 days? With Ni under USD$18, MCR should have been hit so damn hard it's not funny - and generally in the am hours of trade, it has been, but there is some significant accumulation going on in the pm hours of trade which has been bringing the price up strongly.
Of course we're well off our recent highs, but with a drop from USD$24 down to USD$18, that's to be expected. I seriously considered bailing out of MCR when Ni had the 5% fall a few nights ago, but after watching the accumulation going on, I just know that as soon as Ni shows signs of recovery, MCR will be making new highs.
The half year results are due out in about a month - they will be spectacular.
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