Balmoral Resources Ltd BALMF

Metals & Mining Industrial Metals & Minerals

Balmoral Resources Ltd is an exploration stage mining exploration and development company. It is engaged in the acquisition and exploration of gold and base metal properties in Canada. The principal focus of the company's exploration activities are the properties comprising its Detour Trend Project in Quebec.

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Balmoral Resources Ltd > finally

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Comment by AlternativeViewon Feb 14, 2019 12:23pm

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Post# 29364652

RE:finally

Montague,

Did you see the article I posted about last month's short squeeze in nickel on the LME? Not all of the 200KT are available for delivery.

Anyway, games are starting to be played on the LME, both at options expiry and for contract delivery. This month the game was that nickel inventories are really just flat and so no longer decreasing. This permits a fall in nickel price when other base metals are flat to up. Don't fall for this BS; its just short term noise. The way around it is to look at a longer time frame and see that the drawdown in remarkably constant.

I am looking for a big draw tomorrow, just so the crooks can catch up.

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Sirios Resource discovers visible gold in Quebec