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NICKEL IS GOLDEN


NICKEL IS GOLDEN



Investors fearing inflation ought to buy gold, right? Actually, they may be better off with lowly nickel. As the economy has perked up Adj. 1. perked up - made or become more cheerful or lively; "his attention made her feel all perked up"
enlivened - made sprightly or cheerful
, nickel prices rose from less than $5 a pound in April to more than $7. Chinese buyers have stockpiled the mineral, used in producing stainless steel stainless steel: see steel.
stainless steel

Any of a family of alloy steels usually containing 10–30% chromium. The presence of chromium, together with low carbon content, gives remarkable resistance to corrosion and heat.
. But gold's down from about $1,000 an ounce in February to $935. Why the split? BMO BMO Bank of Montreal (Canada)
BMO Before Market Open
BMO Biometrics Management Office
BMO Ballistic Missile Office
BMO British Mathematical Olympiad
BMO Balkan Mathematical Olympiad
BMO Business Management Office
 Capital Markets strategist strat·e·gist  
n.
One who is skilled in strategy.

Noun 1. strategist - an expert in strategy (especially in warfare)
strategian

market strategist - someone skilled in planning marketing campaigns
 Bart Melek cites higher inflation-adjusted rates on longer-term bonds. "As yields rise, the relative cost of holding gold rises," he says. Also, some expect the Federal Reserve to hike interest rates to keep inflation in check. Even if the Fed waits until 2010's second half, Deutsche Bank Deutsche Bank AG (IPA: /'dɔɪ.tʃə/[1]) (ISIN: DE0005140008, NYSE: DB) (English: German Bank  analysts expect gold to struggle. They say it tends to underperform industrial metals when general price levels are reinflating. Melek says nickel miners like Vale, whose shares have spiked since the winter, to about 19, are a good bet.

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Article Details
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Author:Joseph Weber
Publication:BusinessWeek
Date:Jun 25, 2009
Words:157
Previous Article: PERU PLAY
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