BHP/RIO making new highs just about every week now.Are the punters seeing a forthcoming secondary surge in commodities.
I still cant help thinking that it will take a big surge in zinc supply to overcome any potential shortfall with iron ore demand looking strong well into next year.
LME is still being drawn down hand to mouth though with only spasmodic surges in cancelled warrants.What would be good to see would be upwards of 20% in cancelled warrants to keep the daily drawdown punching new lows to underpin any rise in Cu.
d.
taking a step back, page-17
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