Monday, July 10, 2006

Nickel at New All Time High

While some well paid economists, market commentators , journalists and other creatures are working extra hours to convince you that metals and the general commodities markets are simply bubble - nickel quietly front running the pack to make a new all time high of 25,500 USD per metric ton. Nickel futures and options are trading at the London metal exchange (LME).

Nickel Chart LME

One good reason for the new high might be collapsing stockpiles.

Nickel stockpiles Chart

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