AI
Monday, August 21, 2006 3:43:24 PM
Mike: Metals Charts:
Thanks. I decided to print the 5 year charts here for Nickle, Zinc and Copper. Kitco shows different time periods, but the longer the better IMO.
Although it shows how incredibly volatile nickle's stock can be, it is rapidly approaching zero. Still, you have to assume a bounce in stocks in inevitable here although the 5 year trend is down.
Zinc's inventory looks even better (more at risk) to me than nickle purely based on the 5 year chart. There is nothing to suggest that it is nearing a bottom to me.
Copper's inventory hasn't lessened in over 2 years as you can see above. I posted the 2 month chart below just to show the most recent trend.
Len
Thanks. I decided to print the 5 year charts here for Nickle, Zinc and Copper. Kitco shows different time periods, but the longer the better IMO.
Although it shows how incredibly volatile nickle's stock can be, it is rapidly approaching zero. Still, you have to assume a bounce in stocks in inevitable here although the 5 year trend is down.
Zinc's inventory looks even better (more at risk) to me than nickle purely based on the 5 year chart. There is nothing to suggest that it is nearing a bottom to me.
Copper's inventory hasn't lessened in over 2 years as you can see above. I posted the 2 month chart below just to show the most recent trend.
Len
Warren Buffet: 5 minutes and 17 seconds of pure, unadulterated, bulletproof, flawless logic.
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