Lets look back 200 Days ( representing long term), 50 Days ( representing medium term) and 10 Days (representing short term) to see the absolute performance of various metals, CRB ( Commodity Research Bureau Index), US benchmark SP500 ($SPX) and one and only XAO ($AORD).
There is no need for me to describe the performance histogram charts since they are self explanatory.
First 200 day version followed by 50 & 10 day versions.
Charts are courtesy of StockCharts.com.
50 Day below.
10 Day Below.
I would focus on the last chart, since the Nickel has been the star performer in the short term, and look for some ASX listed NICKEL STOCKS. We should have already positioned ourselves with Copper and rest. If you know any quality nickel producers with no debt or minimal debt, send me an email as well please. I will ask Mr Google for some help. But two which comes to my mind are WSA and IGO.
WSA has been amongst the top shorted ASX listed stocks which may also be worth noting. Watch the shorters scramble to cover on Monday again. No, I am not in it at the moment, I wish I was. Last WSA long trade was couple of weeks ago which resulted in a nice short covering rally.
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