What The Commodity Nickel Is Saying About The Economy

The commodity nickel and many others like copper, zinc and aluminum are in freefall. This follows a period where many of them had meteoric rises.

Nickel is now at multi-year lows even though the Federal Reserve and many economists are expecting a soft landing. If true, the demand/price of nickel should not be collapsing.

The top pro traders in the world, including our own Chief Market Strategist Gareth Soloway say that price is truth. If price of the industrial metal nickel is falling sharply, it tells you something about what is happening in the economy.

With the cliff dive on nickel, this likely signals a hard landing as industrial use of nickel is letting up sharply, thus the price decline.