Bottom???
Well the last couple of days have seen minimal movement on SP that being said the volume is starting to pick up.
This activity on the buy side must be RS buying.......so is this the bottom and can we start seeing an upward trend?
The spot nickel price has been rising and is currently around $9.40 USD with three month London contracts at $20,483.00 p/t
Now with the US dollar starting to increase metal prices starting to shore up along with suppliers limiting production we should start to see a rise in SP by late Sept-Oct.
Then again don't forget about the American election......
Someone please tell me when this gets fun....