ZFX zinifex limited

zinc down again - under 90c/lb, page-3

  1. 9,325 Posts.
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    It's just the vagaries of trading in the short term. Fund buying pushes it up when a perceived bull run is on, profit positions are closed out, short positions get taken, everything gradually settles and then we move back to the trend.

    90 cents is still a historically high price. Will the buyers continue to take it up? I expect so as supply continues to diminish. How much further? Who really knows - that's the realm of crystal balls and speculators. Smart investors don't make decisions on that basis but on actuals.
 
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