Nickel Q3 forecast 2015 from Fastmarkets, page-24

tnks Diesel !

I do get what your saying also ......and have dug a tiny bit into it ....

as you would be aware - the global banks are expert at "playing" this game ......they are good enough to "clip" all sides of the ticket: see rio's Aluminium acquisitions .....and the giant squids ownership of phy metal (and storage facilities) during this time ......they also were "nice enough" to assist in debt funding .....and (imho) went short the stock after smashing the commodity price by realese of phy ..........and b/c they are nice ....they assisted in the recap of rio's ........L O L !

there is an excellent paper - released to a US senate select committee .....I did post a link (maybe 9 months ago) .....

they only play this game at or close to major bottoms and tops .......i'm sure you have noted some of the debt for equity swaps in oil/gas in the usa ........and if we see the breakup of glencore .....to me ....this will be a major bottom ....

perhaps .....but most likely early into 2016 is my best estimate .......this suggests a few of the other puppies in the Nickel space go to the wall 1st .....

rgds
V_H