By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel is one of the leading indicator metals when it comes to economic health. The metal, used chiefly as a component of stainless steel, tends to be one of the first metals to fall when times are bad, as well as one of the first to [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News This week, the base metals have remained range bound, waiting for cues from OPEC Decision, and the conclusion for the proposed auto bailout. After the Federal Reserve issued yet another rate cut that sent the dollar reeling, the base metals were steady. On India’s Multi Commodities Exchange [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News The price of nickel has been on a downward spiral since it touched a high of US$51,800 per tonne in May 2007. Currently, the metal has been operating in the US$12,400 range, and further declines are expected. Analysts predict that as the financial crisis spreads, nickel could [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News On Monday, LME Nickel was on the upside with prices jumping 5.5 per cent. Nickel was just one of the metals that rallied on Monday, after news that there would be coordinated steps taken outside the US to combat a global recession. Nickel for three-month delivery [...]
If you are like many people, the last time you read about commodities in the news was when Bre-X Minerals collapsed in 1997, after news broke that the company had falsified results and the gold they had reported was nowhere to be found. Thousands of investors all over the world lost billions of dollars and [...]
Wednesday, April 1, 2009