Nickel

Globe and Mail reported Desjardins Securities Inc. says nickel is the buying opportunity now for commodities investors.

Globe and Mail reported Desjardins Securities Inc. says nickel is the buying opportunity now for commodities investors.

As quoted in the market news:

Since peaking at $9.90 (U.S.) a pound on Feb. 9, the nickel price has declined 24 per cent to $8, which is just below where it started the year. It’s a pretty shabby performance considering the London Metal Exchange Index, made up of six industrial metals including copper and aluminum, is up about 7 per cent year-to-date. Nickel, in fact, is the only major metal that is trading below exit levels for 2011.

Click here to read the full Globe and Mail report.

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