If it looks cheap, it probably isn't.
Heh.
You should take care when trying to correlate Zinc prices with sp performance as it can be an inexact science. There're other factors at work that will hammer the sp in the short term future.
Sure there's a decline in Zn stockpiles but that's like another 12 months away.
Watch out for that heads-and-shoulders pattern, if it starts to form this thing's headed back to the 10.00 +/-.20 area.
Today had to be a winner with limited downside off the back of strong metals, calmer inflationary fears & global market performance.
But can't guarantee what metals will do overnight. So made my $600 on 3000 shares today and I'm out (again).
Hit & run baby and make money.
ZFX
zinifex limited
