Nickel onboard for a base metal rally

Nickel Investing News reports nickel prices rally last week.

Many analysts are still trigger shy at claiming the recovery is here, despite the continuing stream of data that points toward relief from the crisis, after the rapid slump altered expectations of how a recession should unfold. For the analysts that care to voice their opinion, there is a contrast in expectation. ”The market continues to buy the recovery story, as economic data suggests that the worst is behind us,” suggests analyst David Thurtell at Citigroup in London, as “investment money continues to pour into the complex.” However, an MF Global analysis points out that the price advances “are occurring in spite of either bearish or neutral fundamentals in metals.” the markets are vulnerable to any disappointing economic news and therefore trading is likely to remain volatile.

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