lme nickel prices up 3.68% at $22,240, page-2

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To start with I would like you to know that I hold a fairly large amount of MRE for the long term ( more than what that director bought ). I would like to say that the fundamentals of MRE and Nickel prices are calling for an increase in price ( I believe this should be between $1.3-1.50 at least ), but sentiment is still against as you can see even in days like yesterday where the amount of sellers ( or shortsellers ) is far larger than the one of buyers. On days like yesterday sellers pull back a bit but then come back in full strenght as soon as market sentiment or price of nickel changes downward. What I am trying to say is I dont know the reasons ( may be the cap on nickel prices that the production of pig iro nickel ) or else, but MRE does not seem to be in most peoples favorite list. I believe in it long term, but would not bet on it short term, not with stock piles at 162000 tonnes, which makes current nickel prices totally speculative.