andrewe if you don't think the price of Zinc will see $1.30 again then you should shot yourself now and save the day you will become depressed because it will hit that price again.
All that I knew at $2 was that it was time for Zinc's bubble to burst. It might take 2 months for that bubble to completely burst, it might take 3yrs, I don't care.
But there are fundamentle boundries that these markets work to, there are hidden constraints in every commodity, in every economy and in every mind that prevent the market from moving forward. The seeds for Zinc's bear market where sown when the bull market started.
It might be right now that the US economy is in a recession, the Chinese economy might be in a depression and this might be the cause for Zinc's decline. You and I will not know the exact RESULTANT cause until after a time delay. But we we do know is that the price of Zinc is apperently falling for no reason IT DOES NOT FALL FOR NO REASON, there is a reason its just not known yet.
Zinc has broken all the properties that sustained its bull run, its bull run its over, if its to continue up it must form a base and start a new bull run, this will take time.
What investors have to do, is start looking at these facts which are known now, come back down to earth and face reality instead of hoping all will be good becuase the price is now telling you NOT ALL IS GOOD.
- Forums
- ASX - By Stock
- ZFX
- zinc reality check
ZFX
zinifex limited
zinc reality check, page-18
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.