Duetchman TOTALLY unbeleivable?
...He only turned up on this board in late Jan telling everyone zinc was going to falter when we all knew that in early dec and thus sat out december and january....
I assure you as I am as certain as HELL, that NOBODY apart from plushtek was bearish zinc in november, december, january, febuary or March let alone DECEMBER.
In December Zinc was going back up becuase it was the end of the chinese tax year... This is the first post I made, in early december when ZFX was at $18.50
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=401069#1430169
The response was:
"gann
have you checked the price of zinc tonight?
in case you have not, its back up to around 1.98 now. i thought you said that after touching 1.95 it'd slide back down to below 1.90
i don't know how many times it has to be said, supply/demand factor are what rule and dictate markets. when a market is in the current situation zinc is in, you can throw your dumb chart away, demand is going to push the price up.
i would tenatively expect that the price of zinc will be back up over 2 by mid jan, or before.
once the holiday season is finished, construction resumes, mining companies ramp up production after the holidays, the price will continue to have upward pressure as demand for the commodity continues to outstrip supply
which part of that do you not understand gann?
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=407158#1460689
ZFX
zinifex limited
