Curlews - analysts projections for Ni and Copper prices
I agree with what you are saying. The author of the article is inconsistent. However, I find his copper predictions more realistic than his nickel predictions. He is predicting an average Nickel price at 8.00 for 2006 when the YTD average is higher than that at 8.67 and the price of NI is currently trading over 13 dollars? HUH? The price of nickel would have to crash the last four months of the year for that prediction to come true.
I think the author just needs to update his 2006 price predictions for Nickel. He probably knows intuitively but analysts are very slow to revise their predictions upwards. Especially analysts in the mining sector. Remember copper was the first of the base metals to take off. Nickel is the lates one. It's at least a year behind. Until Nickel has held these lofty prices for a more extended period of time, analysts will be slow to upgrade their price predictions.
Once he updates his predicted price for NI, there will be consistency.
Just my take on it,
JFF7
It's better to be out wishing you were in than in wishing you were out.
"Markets can remain irrational longer than you can remain solvent". - John Maynard Keynes
