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Count De Monet
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I am an individual investor and an RIA for a small group of elite clients. I have over 30 years experience in the markets from a stint as a stockbroker to individual investor. I like to look beyond any headline number to figure out what is really going on behind the scenes whether it is a... More
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  • Don't Be A Nini 2 comments
    Mar 14, 2014 8:28 AM

    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.

    (click to enlarge)JNN Nickel ETN

    (click to enlarge)Nickel ETN NINI

    Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in NINI over the next 72 hours.

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  • User 21667721
    , contributor
    Comments (3) | Send Message
     
    hello, i'm new to this, how would I use limit orders correctly?
    16 Mar 2014, 01:54 PM Reply Like
  • Count De Monet
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    Comments (36) | Send Message
     
    Author’s reply » A limit order directs your broker to pay no more than a specific price for the stock your are trying to buy although at times you can get the order filled for less than the limit. Brokers if you are using one know what this is. Additionally, if you are trading via an online broker then there is an option to direct what kind of order it is: Market, which means buy at prevailing price (not necessarily best price for you) as well as an option for a limit order where your specify your max price. Hope that helps
    17 Mar 2014, 08:08 AM Reply Like
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