Nickel Boom

Analyst Carey Smith speaks at the PayDirt conference.

The price of nickel will almost double to $US20,000 a tonne by March 2017, according to investment bank and corporate advisor Alto Capital.

Interesting Story!

It might be a bit premature, but there is certainly some movement in nickel.

Prices still at all time lows and stockpiles still high, but there has been a draw down in stockpiles recently, no new mines, and no exploration will mean an upturn in demand should see a price rise.

Its always hard to find a bottom in a sector, and I was a bit premature with IGO, but the stocks below look like they might have put a bottom in.

Its a risky strategy, but I think a small entry is warranted for a small part of a portfolio.
Western Areas WSA, Independence Group IGO, Mineral Res MIN, Panoramic Res PAN, would be my picks.

The Graphs below tell an interesting story

Scource Kitco