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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (31116)1/28/2007 2:32:56 PM
From: siempre33  Read Replies (3) of 78409
 


AussieStockForum has a very informative discussion on nickel....
aussiestockforums.com

for example...
"..the Nickel stockpile on LME is only around 5000 t (25/1/07), are you/they saying that 90% of this is held by one company?.."

"The information that 90% of the inventory is held by one US Hedge Fund is not mentioned in any article in Bloomberg.

90% means 90% of the nickel inventory level at LME warehouse, yes not much for nickel. The fund freezes the supply level, while the demand continues to grow, hence will create upward pressure for nickel price.

..Currently I notice a strange situation in the metal market now, all the industrial metals inventory are controlled by funds now. I have a feeling that funds are all prepared to push up metal prices up once copper price is up."
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