Dunno whether this hurts or helps
First is a short-term correlation blue/red is mcr, green/orange is the Nickel price (LME spot). Second is a 7 years view.
Given that MCR was so heavily into Nickel, its no surprise to see the pretty uniform pattern shapes.
But --- its interesting, and encouraging - to see MCR ahead of the curve with this recent short spurt up. They still track pretty closely though.
Their "diversifying" into gold is a factor, me thinks.
Go well all
