RE: Nickel up 18 centsJust a reminder.... poster Tickle1st had/has emotional ties to GaryKIrk.... who was fired by UMJ's ceo back in 2006... and Tickle hasbeen bitter/twisted ever since ( following Gary over to IESO didn'thelp his mood either).
Yup, I noticed that, thanks. Nevertheless, I'm happy to hear dissenting opinions on any stock I buy, and tickle1st does seem to have some inside knowledge of the company and their Shakespeare operations.
After all, if you believe in the efficient market, UMJ wouldn't be at 10 cents if it was a slam-dunk - it's 10 cents because it sucked recently and sucks right now. While I bet that it stops sucking soon, as of their first smelter payment, I'm happy to read opinions to the contrary because that drives me to go look for more evidence. He may be on your ignore lists and I won't criticize that; but I'll never ignore his posts.
Fleeing grandich I am curious what you think is going to drive down the price of nickel?
Long term? Reopening shuttered mines due to improved economics. The Vale Inco strike ending. A mild slowdown in the heavy industry section of China's economy.
Also, commodity prices do tend to drift back by encouraging the maximizing of production.
Note, I'm just a newbie at all this. I'm not a commodity futures analyst, and both in investing and at work I see commodities futures analysts getting their numbers horribly, horribly wrong all the time. I've learned to be conservative.