Apptech wrote:
> Will have relevance to many people here.
> Interesting to see how "markets" play fast and loose with
> our craft.

Why the double quotes? :)

> Fascinating (to me) to see the changes which have occurred
> in the last months and years.
>
>        http://www.kitcometals.com/charts/nickel_historical_large.html
>
> 1 year price drop is about 8/13.
> We are actually almost back to a 5 year historical level
> after a 4x increase starting about 2.5 years ago. I'm sure
> there are excellent reasons why. I haven't found out why.
>
> It would be a great shame if I should come to feel that this
> and similar things were of relevance to me after all these
> years ;-).

The graphs are actually an excellent example of basic economic principles at 
work. :-) The price spike concides perfectly with the dip in warehouse 
stocks levels.

I'm not sure exactly what happened, but it was either (A) increase in demand 
(B) reduction in supply or (C) both. Let us know what you find out, Russell. 
:)

Vitaliy 

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