OTCQX:BALMF - Post by User
Comment by
AlternativeViewon Aug 09, 2018 12:08am
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Post# 28431570
RE:tricky business
RE:tricky business Yes, nickel inventory is reduced and appears to be falling further. But there is still plenty in the warehouse with which to manipulate the market.
"Tricky" is a term best applied to the market manipulators, rather than to the market itself. The enthusiasm for nickel as an input to EV is an ideal setup to stampede the market higher, while putting on short positions. Sell some calls. Then create a big selloff just at options expiry.
This BS has gone on for over 10 years in the precious metals market. But I did not notice the same patterns in nickel until about one year ago.
montybissett wrote: this nickel stuff. Fall of 13 was last time Ni inventories this low. Not only did Ni inventories go up close to 90% over next 6 months but Ni price during same 6 month period jumped 60%.
As mentioned before, supposedly now drilling or this month drilling the deepest holes ever on the property at Grass. Just a guess, these supposed tire kickers want more evidence. Even though mgt has been a basket case we have to hope the one thing they have done is not lost control of the company thru dilution. Hopefully formed a bottom on Ni price in 6.00 range. If this tarrif deal doesn't get out of hand and China can get back to a semblance of normal. Were now at 8.00 Ca and still quite a bit higher than our Ni MRE numbers. If we blow thru 6.00 it will be a cold winter in the swamps of NW Quebec. I would hope down the road if the company can get back to a semblance of a Jr with fabulous assets, we can drill a few deep holes at Mart to prove the gold story is alive and well.
GLTA