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Message: Nickel part of Inflation trade?

Re: Nickel part of Inflation trade?

posted on Jul 30, 2009 10:07PM

Hi guys sorry for the earlier double post with the spot nickel chart, didn't see it earlier.

I do like that in the one year graph we see that Nickel has really turned the corner and recovered from that bottom. Nice to see the higher lows and higher highs coming as we trend upward. The 60 day LME inventories do show a draw.

Think of the effect that will eventually show up with our strikes, the demand from growth/ Chinese restocking while the price is still reasonably cheap. The fact that it will take some time for many mines which were in care and maintenance to produce. They don't just start up overnight.

Here's to cracking the 8 dollar level next!! There will be breathers and you will see many ups and downs(like a bride's nighty) as we move forward. I believe too there is a bit of a spec and sentiment factor here in most of these base metal commodities too.

Getting summer behind us and back to business come fall will be a good thing.

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