Yeah - I reckon that when the price hits those "primary" marks the dealers' machines kick in and that' it.
This chart shows two such events, IMO.
![]()
There's the high of end Jul 2014 (2419.5) and then 2382 in May 2015. It was the peak in May that surprised me, I thought it was going through the roof - albeit without much fundamental support.
The weekly data is LME - one day behind - so that weekly print is incomplete, but it still talks.
The fundamentalists on this forum have stated that there's a shortage in Zinc with mine closure etc. The POZ has had a pretty spectacular rise since January - it's the 2419.5 mark that has my interest - if it does for that, then bring on 2580, and its off to the races - definitely on the monthly.
![]()
Go well all![]()
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Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
0.3¢ | 2404153 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
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5 | 7299989 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
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0.004 | 30955031 | 20 |
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