The impetus has gone out of AGM and this makes sense given that...

The impetus has gone out of AGM and this makes sense given that overseas fund managers have taken a wait and see approach on metals investments until July.
The only trading we are seeing in AGM at the moment is small orders and this is a very bearish sign. Spot nickel is at all time high, the Dow is powering ahead, the All Ords is following and all AGM can trade is 150,000 shares in the first 15 minutes and be up one tick.
I am very comfortable sitting on cash awaiting the inevitable correction with the general market and nickel stocks.