With zinc LME inventories closing the week at 676,225 and getting closer to that 650,000 level again, and with the recent China "game on"news - interest rate cut and all those rail projects on the way, we might see a little more price action in the weeks leading up to Christmas:
And if LME inventories keep heading south towards 600,000 we could certainly see $US1.10 per lb breached this year. Whether we'll see $1.20 as some analysts have forecast, remains to be seen.
Glad to be BIG on IBG
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