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The booming demand for Chinese steelmakers has sent nickel prices flying…
Just look at this chart. It tells you everything you need to know. Supply down, demand up -- prices up.
But hold onto your shinny buffalo head… The price of nickel has fallen. Nickel for delivery in three months fell $1,100 just last night, or 3.9%, to $27,000 per metric ton on the London Metal Exchange. Earlier the price touched $26,749, the lowest since September 20.
This correction has been based on our old overblown fear of subprime lenders. To the bold go the spoils. It’s mid-August. Chinese demand is still there. The past month’s correction is a fantastic buying opportunity.
You want to be picking up shares in nickel companies while the boys in New York are at the beach. And I’ve got the direct tie-in to Chinese demand. It’s called “the project” and it’s going to be big. I’ll tell you all about it here. This is your last best opportunity.
Best wishes,
Christian DeHaemer, Redzone Profits
This tiny Australian miner has shot up 213% since Red Zone Profits uncovered its classified resource project in the Philippines... but it's not too late to get on board!
In the two months since Chris DeHaemer broke the story on this company's involvement in “The Project,” its share price has soared from 22 cents up to 57 cents a share. But that's just the beginning. The stock could hit $2 or higher by October, and you can still be a part of it. To learn more on this tiny company's incredible precious-metal discovery, please read on...
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