Spot nickel poised for large gains???

[slvrbck]

Any of you chartists/market geniuses have any input? The charts seem to be really pointing in an uphill direction soon to me. How to profit??? Canadian Ni premiums are too rich for me.

[ZenOps]

Nickel plays differently than the other coin metals.

Silver and gold are arguably levered 100:1 paper:physical on the open market. Meaning that anytime you have a big market selloff (like people trying to avoid the fiscal cliff) those tend to drop the hardest. Copper is more around 10:1, but is primarly used as collateral by the Chinese market for gambling on other things.

Nickel is arguably 5:1, which makes it quite a bit more unique. I wouldn't say its immune to a paper market crash, but even so - in a physical world, it may be easier to get two ounces of gold at spot in a crash situation, than $8 FV worth of US nickels - From a realists viewpoint anyhow.

The metal that is traded at closest to 1:1 is the metal that the market has decided is the most like "money" at any given point in time. Gold was much closer to 1:1 back in 1933, Silver in 1964. The US desperately tried to make 8.1 grams of copper into a dollar, but it failed miserably.

Just some thoughts.