is going south its got the staggers, page-21

re: plushtek why so bearish on zfx plushtek, we appreciate that you are at least putting forward some research but it is fairly shallow.
The copper stockpiles were heading up from mid 2005 long before the price of copper peaked at $4.04/lb in May 2006.
Demand was already slowing and the price was increasing. If you argue that copper is trending down at the moment then we would have to say that you are right. SO go short on copper stocks like oxr and rio and bhp.
what is your argument re Zinc? that the stockpiles are increasing? not proven yet. That the price has peaked? Many analysts and people in the know disagree with you. They see a supply deficit for 2007 and 2008.

ZInc was severley under funded in the commodities bust, more so than copper and has much more catch up to do than Cu.

Imagine the price of Cu drops to $2.40 then you might find that there are more buyers for it and also some mines become uneconomic so they dont proceed and then they have a supply issue on their hands.

I will stick with the opinions of Chip Goodyear and Owen Hegarty who believe that we are in a long term commodities cycle of high prices and that they can invest confidently in new mines in order to bring them on line and make good money for their shareholders.

having said that, the price can drop in the short term and probably will while it finds its long term average.