Whats your thoughts?, page-4

I agree the drop in commodities had a lot to do with the US dollar up on excellent housing data in the US.

I disagree that demand for base metals is still weakening, if anything it is strengthening based on data out of China. The key for the nickel price will be if it can de-couple from the negative correlation it has with the US dollar. This will only occur if the market experiences the predicted supply issues in the second half of the year. LME stocks will be the last to move if the supply event occurs.