It's crazy, the sell off in commodities since the summer ended has been drastic. I would think we should be seeing oversold soon. The selloff is more on fear and exodus than anything as they say the exiting hedgefunds have partially created this vacuum.

God who the heck knows?

Traps, the crappy thing for all will be that sure enough Nickel is priced where it was 5 years ago but the dang input costs for exploration and mining sure as heck aren't!!

What was diesel 5 yrs ago? What was sulphur and or sulphuric acid going for 5 yrs ago? How about wages? What did drilling cost then? This is going to be a tough go for MANY. I would be curious to see how the price of SS bounces according to the price of it's main input cost Nickel? Think they will be passing along the savings?

The two graphs below are interesting when referenced to each other. What we don't have or see is the world nickel demand? I would say that the highs of last year were in part due to the low LME levels but even more important was likely a big demand for it as well. This is evidenced by the price getting to those crazy highs. Here we sit at 20% of those highs

IMHO