Nickel

Back in August I posted in Nickel Shorts Breathing Hard! that Nickel seven months ago traded up through $29,000 a metric ton. I was shocked to see at Bloomberg that Nickel is trading over $45,000 a metric ton!

Nickel Base Metals Gold Mover Mike

Update:

Will the same price explosion occur in Gold? I’m betting it will because “the seven big TOCOM gold shorts increased their net short position by 1,090 contracts to 113,717 contracts.”

Gold on 3/30/07 $663.

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