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Message: COMMODITIES

Hi Luvme;

Thanks for the compliment (expert), but far from it.

Since I started posting the Commodities, Nickel has just kept going down very slowly and seem to have bottomed out in the upper $3.00 range.

It has been climbing back from there in some good spurts but it goes back and looses most of what it has gained each week.

It has been trading in the $4.20 to the $4.50 range and all the above is in US Dollars.

I'm still getting reports of further cutbacks in demand of Stainless Steel and other steel products which doesn't help.

It was nice to see a Company called Crowflight, they are shipping their Nickel all the way from Thompson Manitoba to Sudbury for Smelting at their operating cost of $3.24 per lb., looks like they are making a profit.

They say that when the Market recovers (???), Nickel should trade in the $10.00 to $15.00 range and may not return to their all time highs........

Have a great day.........RL


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