While I'm not a big fan of watching the Kitco graphs, they do...

While I'm not a big fan of watching the Kitco graphs, they do show some interesting trends. Taking the Kitco LME inventory for NI. If you join all the tops (I consider the tops a good guide as this is the true level when all the silliness stops) of the LME inventory graph since the peak (ignore the dips) you get a parabolic curve increasing in steepness until the 13th June. Then it becomes linear decreasing at 800 ton per day. This, if feel, is getting to the real rate of decline. If this holds, and its a big if given all the variables, then in three months we will be at the 300,000 tons level. At this level my thoughts is that it may be game on once again. Variables that will effect my theory are mainly the Ni warehoused outside the LME system, the supply (both active and dormant) that will come back into the system once prices increase, and of course Ms Lopez and her hard line environment an stance, and finally the China factor. Any, or all, of the above will put serious wiggles into my lines. Here's hoping for the best.
Just a bit of trivia for those interested to ponder on. Please do not take this as serious investment advice. DYOR.