To: siempre33 who wrote (31122 ) 1/28/2007 3:39:21 PM From: koan Read Replies (2) | Respond to of 78408 That was a hell of a find seimpre. Everyone should go to that aussie web site and read a bit of it. BREND: "How I know? I'm a metal futures dealer, I have access to a bit more information than retail investors." Brend: "Not only that, currently 1 US hedge fund holds more than 90% of nickel inventory at LME warehouse now. "?? Brend: "BREND Join Date: Jan 2007 Location: Singapore Posts: 78 Re: Nickel - the metal for 2007? -------------------------------------------------------------------------------- Quote: Originally Posted by joeljp Brend, thanks for the information. I must have missed this particular article on Bloomberg. Just so that I can understand it, 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 or they hold a lot more than what's officially listed? If that's all they hold, 5000T isn't vey much at all. How much of an impact will it have if they were to sell off, seeing that demand currently way outweighs supply. Sorry, if the question sounds really dumb. No worries, no question is too dumb. 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. Are you trading metal futures? We provide all these funds' information to our clients everyday, ie whether funds are controlling the inventory level, whether banks are pushing up particular metals lately, whether funds are buying call options for particular metals? In today world, hedge funds play a very important role in commodity trading. If you open account with us, we can provide all these information to you as well... Sometimes I provide funds' information in my blog:basemetal-trading.blogspot.com For investors who just want to make their investment decision based on fundamentals, I always ask them to play lead and tin instead, where the involvement of funds are minimal. 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. Futures product is a leveraged product. Leverage is a double edge sword, it can work for you, and also work against you. BREND View Public Profile Send a private message to BREND Find all posts by BREND Add BREND to Your Buddy List #164 27th-January-2007, 05:01 PM michael_selway Uranium, Zinc, Silver, Gold...