NORTHERN SUN MINING CORP LBEFF

RE: RE: RE: LME Manipulation? Probably

[legend7]

Johnny,

We have had this discussion many times and I don't think you really understand a thing you are talking about?

It looks like RBC is selling a large holding (maybe a fund) maybe they are getting out of mining stocks...who knows but I am pretty happy that the share price has been steady even with a large amount of shares being sold by one investor!
When this investor is done that is when we will probably start to creep up and if it is on this kind of volume then it would be a great sign of things to come.

I am quite certain that it has nothing to do with the Chinese (will you ever stop with the conspiricy theories?

The LME price is affected by traders if they want nickel to go up it will go up....everyone was jumping on the band wagon a few months ago when it got up to $12.50 so it was definately overbought at that time.  Everything will eventually go back to supply and demand but commodities will trade on emotion and who is behind them for long periods of time. Do you really think Nickel should have been at $25 a few years ago?? Do you really think it should have went all the way down to $4.00?? Don't get me wrong the Chinese and the US Governments have a big effect on the prices but the traders can pretty much do what they want with commodities you just have to be on the right side.

I think Nickel will continue to creep up and we might even get back to the $12 in the 4th quarter...then you will see LBE making some really good $$ and eating away at all the debt and PROVE YOU WRONG YET AGAIN!!