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Canada Nickel Company Inc V.CNC

Alternate Symbol(s):  CNIKF

Canada Nickel Company Inc. is a Canada-based company, which is engaged in advancing the nickel-sulfide projects to deliver nickel required to feed the electric vehicle and stainless-steel markets. The Company owns flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. The Company also owns 25 additional nickel targets located near the Crawford Project. Its wholly owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron and applied for the trademarks NetZero Nickel NetZero Cobalt and NetZero Iron across several jurisdictions.


TSXV:CNC - Post by User

Comment by EndZonefor7on Nov 13, 2022 4:48pm
100 Views
Post# 35095272

RE:There's alot to be discussed and considered at this point.

RE:There's alot to be discussed and considered at this point. Good summary of the situation apapas. Just looking at the chart the US$ has just fallen off a cliff. It may grab onto to some boulders along the way but those are nasty red selling candles the last week and a major red candle thru the 50 DMA that it's trended along since back in June on the daily.

On the weekly it's crashed thru the 20 DMA with the 200 DMA WAY down at 97 cents. You don't get mass moves in currencies like that without feeling like a major blowout is beginning. 103 next stop. 

Gold on the big upswing, and the JJN nickel index just got a huge buy signal on the weekly and blew thru the 50 DMA which it's been under since last June. 

 You also have a major political upset in the US that will allow progress and sanity to proceed for the most part.

The difference this time too is there is a major shortage in employees so jobs are aplenty with some very nice wage increases. Only big layoffs are in the bloated tech sector which needs a cleanse. 

Even the Canadian dollar is reaping rewards of the US$ falling big. I swore one of the basement dwellers here just called for it's collapse. Calling for a total market collapse at the bottom shows how little they understand how markets function.

All in all as you said apapas, the commodities could go on a major tear here along with CNC. Pent up greed always prevails in these markets and they have been waiting for that sniff of inflation slow down kicking in for months and they go it. 
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