Back in January, I wrote a column explaining the supply-demand squeeze in nickel. One way I suggested to play the nickel squeeze, the iPath Dow Jones UBS Nickel Subindex Total Return ETN(NYSEARCA:JJN), is up 38% from my recommendation.
Did you buy that fund? Well, if you didn’t, there’s no need to kick yourself.
The nickel run isn’t over.
The biggest user of nickel is China. Nickel is used to make stainless steel, and China makes a lot of it. Stockpiles of