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NORTHERN SUN MINING CORP LBEFF

Metals & Mining Industrial Metals & Minerals


GREY:LBEFF - Post by User

NORTHERN SUN MINING CORP
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Comment by ExSudburyGuy2on Jul 17, 2007 9:25pm
334 Views
Post# 13105425

RE: Nickel up today; nice LBE chart action

RE: Nickel up today; nice LBE chart actionIrrevernt: I'm not sure what you're looking at but according to my Bloomberg, the spot price of nickel on the London Metal Exchange (which is what I go by, and which, I believe, the Chinese contract is also based on) today fell $40 a ton to $32,065. And in two months, nickel is down 41 percent. Personally, I'm glad I got out at $3.90 and still don't think now is the time to buy. Liberty has outperformed nickel, being down only 33 percent from its high, but as long as the price of metal continues to slide, Liberty's going to have a hard time. I'm waiting for a turnaround in metal prices.
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