Greater China Junior Stocks Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Greater China Junior Stocks

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Julius Wong who started this subject	11/10/2003 10:45:08 AM
From: Condor	of 1992

Bullish metal forecasts continue Monday, November 10, 2003 METAL price forecasts continue to rise with nickel leading the way, according to a survey over the weekend. Barclays Capital has lifted its average nickel price forecast for 2004 by 25.5% to US$12,250 a tonne, while JP Morgan is up 24% to US$12,455, and Macquarie Bank up 15% to US$13,230. According to a report in London's Financial Times newspaper, the forecasts are based on a fresh assessment of the world economy which appears to be recovering much faster than previously expected with stainless steel demand, the primary market for nickel, accelerating rapidly. Macquarie maintains its argument that there is a danger of a "major squeeze" of nickel supplies in 2004. this gives Nickel a price of about $ 5.60+ a lb.in 2004. If correct then Inco (NYSE:N) and the Falconbridge (T:FL) will do well. There is room in those prices for good profits. One caveat for FL however, they enter contract talks with their employees in mid winter. I expect will go OK but one never knows for sure. miningnews.net cheers C

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next