ITS All you pointed out seems to be correct and very bulish, and I am with you over the long term, but in the short and medium term there is one big problem = the price of nickel. The price of nickel has gone higher purely on speculation and fund investors, as LME stockpiles are HUGE and growing, standing at the moment at 123500 tonnes. And this is a big worry as there is no pick up on demand aldough there is a few closed mines. This situation could be explosive at any time, because price is not reflecting demand. Said that as said before I am bulish in the long term and very cautious in the short and medium term.
MRE Price at posting:
95.5¢ Sentiment: Hold Disclosure: Held
