-Samuel Johnson
(on a day when Jaswant Singh was expelled from BJP for his thoughts on Jinnah and Sardar)
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Sent using mobile: +91 9810471904
My musings, rantings and random thoughts
(on a day when Jaswant Singh was expelled from BJP for his thoughts on Jinnah and Sardar)
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Sent using mobile: +91 9810471904
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mobilog
(and while writing this, I hear on radio that Shiney Ahuja has been accused of rape by his maid. Medical tests of maid seem to have confirmed sex at least. I can't remember any Shiney movie promo, so this one can't be a publicity stunt!!! In fact now I am thinking if it being a publicity stunt is better than it being turning out to be true. Disgusting stuff.
(is there a way i can hide this post from her...or somebodys gonna hurt real bad!!!)
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Sent using nokia handheld
so please excuse any spelling errors
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Sent using nokia handheld
so please excuse any spelling errors
Global production cut of the metal is expected to be 20 percent this
year which is driving up the prices despite a weak demand from the steel
industry. There has been over 33 percent increase of the LME inventories
on a year-to-date basis that shows there is low demand for the metal.
Nickel price also got support from the movement in global equities
market.
Severe production cuts have pulled out around 20 percent of nickel
supply from the market and this is the real cause for the rise in prices
rather than improvement in demand.
http://economictimes.indiatimes.com/Market-News/Nickel-up-on-production-
cuts/articleshow/4419233.cms
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Not really production cuts but largely investment (speculative) buying.
Nickel prices rose because of investment buying by the Chinese in
anticipation of government buying of the metal similar to that of copper
(China's strategic reserve buying(SRB) of copper has moved up the red
metal by some 40% in the last seven weeks or so). Investors (or
speculators) also expected that the metal would go up due to (China's)
fiscal stimulus related demand.
Nickel 30 day chart
http://www.kitcometals.com/charts/nickel_historical_large.html#30days