dont worryppl just lightening their portfolios a bit everywhere...

dont worry

ppl just lightening their portfolios a bit everywhere due to recent events

sentiment is down, technically ppl see this as the beginning or midst of a correction down a little

markets gone up too high a little too quick despite gr8 earnings season

they just needed a catalyst to take profits or lighten and china plunge coupled with greenspans careless comments re US recession spooked ppl and is the catalyst for profit taking and mkt going down technically to lower levels of support

dont worry, fundamentals havent changed one bit

Look at stockpiles on LME - almost zilch

guys, if the hedge funds want to go in and buy up more, therell barely be anything left!

But they dont really need to cause demand is very strong from china anyways and theyll be buying more.

With the annual frozen waters and floods preventing supplies from russia and canada from two of the largest producers in june/july, I think we may see the nickel price double!

This isnt ramping - just look at lme supplies coupled with the june/july supply disruption

If stockpiles dont go up between now mid year by a considerable amount - lookout baby!

I reckon theres more upside than downside with nickel price, provided the hedge funds dont sell out into the market some supply

they have profit on their mind, so with supplies so low, why would they???? theyll ride it all the way to the top.

my opinion only.

JBM will come back