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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 > Nickel

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Post by Chaulkdust on Sep 22, 2019 11:24am

Nickel

The weird world of Nickel inventories! For the September 3^rd-11^th period magically we saw a steady inflow of nickel inventory into the LME for a total increase of 2,596 tons of material. Then, the switch was flipped and for the period Sept 12^th-20^th we saw a massive 13,332 ton decrease in inventory. The price remains a mystery, bouncing between $17,121 and $18,153 during the period Sept 3^rd-20^th, with the final price ending at $17,430 on Sept 20^th or about $8 per pound. Demand/Supply/Price remains to be mostly uncorrelated as they have been for quite a while.

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