Unbeknownst to many people because they are solely focused on copper (Cu) and the potential bear market there, another metal is in a nascent bull run. The metal in question is Nickel (Ni) which has just broken out from a 3 year downtrend. The 50 day moving average has crossed up thru the 200 day which is favorable and known as a "Golden Cross". The easiest way to play nickel which appears to be off the public radar are the two ETNs: The Ipath Pure Beta Nickel ETN (NYSEARCA:NINI) and Dow Jones AIG Nickel Total Return Sub Index (NYSEARCA:JJN). A word of caution both are thinly traded so make sure you use limit orders at least until interest in these build and volume expands. As always keep a mental stop and enjoy the ride.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NINI over the next 72 hours.