Nickel's Future and the USD Influence today...Well, it looks like the USD was UP today along with Nickel (not expected), while Copper and Gold dropped, as was to be expected with a rising USD.
A great article below from 10 days ago questions Nickels's direction given the most recent events and supply chain activity.
Someone on this board has been spreading ABSOLUTELY FALSE RHETORIC for a year regarding the supply of Ni advising that there is only "weeks" worth of Ni inventory remaining in the world.
Of course that was hogwash and all that time I was suggesting that there is currently a glut of Ni.
Now we have yet another credible source in regard to the supply of Ni below.
READ ABOUT THE SUPPLY BOOM HERE:
https://www.bnnbloomberg.ca/nickel-s-at-a-crossroads-as-supply-boom-hits-lme-macquarie-says-1.1948788