I do not hold MRE or any other Nickel stock, but looking at Kicto, LME warehouse volumes, Nickel volumes continue to drop. To me this is a strong indication that nickel will coninue to rise. Thereby taking Nickel stocks up with them.
per Kitcometals: Nickel May 11,02:39 Bid/Ask 11.2160 - 11.2337 Change -0.0207 -0.18% Low/High 11.1452 - 11.2926 http://www.kitcometals.com/charts/nickel_historical_large.html#lmestocks_1year
The Warehouse Volumes are down to 11,600 tonnes, which is the exact volume back in July/Aug 2010
MRE has always been a good stock to me, hopefully I'll get back into it soon
MRE Price at posting:
82.0¢ Sentiment: Buy Disclosure: Not Held