RE: N Technical AnalysisWell, I am hoping that the shorts get squeezed dry. In Canada the TXS shorts went from 12 million to 9 million in 3 weeks. So it is moving in the right direction.
Here's a URL to some more very interesting reading on INCO, amongst other things it addresses and repudiates some of the concerns that nickel demand might be hurt by substitution. It also mentions the time frames for new supply to come online - 2006 at least. IF the Chinese economy keeps steaming along as is, there is bound to be a nickel supply shortage. https://www.mustangminerals.com/articles/UBS-London-June7-8_SMH-text.pdf#search='nickel%20supply'