Agoracom

Hi Wanderer5,

Today was a rough day alright! Of all my stocks I had two that ended unchanged, one that gained [no, I'm not telling anyone! ;)] and the rest were down. I regret to say Liberty led the pack being off 8.82% but we've gotten a double whammy with lousy economic news and an increase in the nickel stocks at the LME.

From an article I read they thought the nickel was from Norilsk who had been sitting on quite a lot of it. That's not good in that they would normally ship direct to end users rather than to the LME so it would seem the need for nickel is down for now.

With barely a month until the Olympic Games we can rest assured little of this will go there. Whatever they needed has been refined and made into whatever alloys they need. We need to see the world's economies pick up or it's going to be a tough slog. Stainless steel still accounts for about 2/3 of nickel used, much of it into restaurant equipment, refrigerators, display cases etc but most goes into architectural cladding for building exteriors [and interiors too, I suspect]

Anyway, we're all in the same boat and just have to hang on but we sure could use news that we're in pre-production at McWatters. More production is critical to us right now.