More nickel weirdness at Kitco. Here is the Nickel chart I downloaded showing another 33% drop in the price of Nickel. I tried to confirm it at the London Metal Exchange, but the pricing there was showing roughly $8/lb.
I am puzzled about what is going on at Kitco with base metals. Is there a problem with Kitco, a problem with commodity futures markets, or both? A nickel in hand is worth 3/4 in the futures? I am able to make less of "markets" now than ever before. At least I have documented proof of my madness. I think there is an Edgar Allen Poe poem about this affliction.
A Dream within a Dream
I stand amid the roar
Of a surf-tormented shore,
And I hold within my hand
Grains of the golden sand-
How few! yet how they creep
Through my fingers to the deep,
While I weep- while I weep!
O God! can I not grasp
Them with a tighter clasp?
O God! can I not save
One from the pitiless [elliot] wave?
Is all that we see or seem
But a dream within a dream?
UPDATE: Nickel rockets up 55%!!!
More wild gyrations. What's up Kitco?
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