Another point is that NIckel overnight hit a month high - $7.50 lb. Analysts are forecasting short and medium term growth in the Ni price - we are also seeing some positive sentiment return to the metals (except IO - although China cutting rates Friday to boost stimulus and seasonal stockpiling might change that as well) so I wouldnt count out SIR just yet.
Chart to me does look iffy and TTE is right about that.
SIR Price at posting:
$2.63 Sentiment: None Disclosure: Not Held
