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Is nickel ready to rebound?
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0:00nickel futures· ticker
Nickel futures up 2.2% week — expert analysis
- Nickel futures up 2.2% for the week
- Rick Rule cites Strait of Hormuz diesel price rise
- Miniature recession theory — reduced industrial demand
- Traders sold futures contracts driving price down
- Host buys more nickel company shares
1:51lesson
PICK ETF vs precious metals ETFs
- PICK ETF down 1.8% weekly vs precious metals gains
- Top 4 holdings: BHP, Rio Tinto, Freeport, Glencore
- Core business: copper, iron ore, coal, aluminum
- Not focused on gold/silver despite mining exposure
- Comparison to GDX/GDXJ/SIL/SILJ is apples-to-oranges
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