the doc got it so wrong again!

Stock after stock, the great doc of you know where has to be the greatest losing stock picker of all time. I love VMS but not with the massive underwater problem I have at the moment. Added to that is this leading report from Kitco

Tin Prices Likely To Stay Under Pressure – BNP Paribas
27 July 2012, 10:16 a.m.
By Kitco News
http://www.kitco.com/

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(Kitco News) - Weak demand and a sell-off in risky assets have pressured tin prices, with values for the metal down 9% in four trading days, and the near-term outlook for tin is unlikely to change, said a bank in a research note on Friday.
Stephen Briggs, senior metal strategist at BNP Paribas, said he is cutting his growth forecast in global demand in 2012 to less than 1% from 2% because of lackluster demand. “A pick-up is probable in 2013, but the expected rate of just 2.5% will leave tin still lagging far behind other base metals,” he said.
Tin prices have dropped further than the base metals group as a whole, which fell 4% during the past four days. Part of it is a lack of liquidity; however, tin is down 30% from its February high and 50% from its all-time high set in April 2011, Briggs said.
The main reason tin has fallen in 2012 is because of particularly weak demand, which was estimated down 6% in the first quarter globally, with Chinese demand down 5%. “This tipped the market into a small underlying surplus, even though tin production remained sluggish,” Briggs said.
Further, some shipments planned in December were delayed until the first quarter of 2012 and the higher tin sales resulted in a build-up of tin inventory in China, with the possibility of more Chinese stockpiling in the second quarter, Briggs said. “Drawing all this together leads us to conclude that there was probably hefty destocking elsewhere in early 2012,” he said.
While demand is lackluster, tin production has fallen and Briggs said output is expected to fall short of demand by about 10,000 metric tons overall in 2012 and a deficit of 5,000 tons may occur in 2013.
This may allow prices to tighten in the next 12-18 months, but Briggs cautioned that the matter of the Chinese surplus must be dealt with. That might be resolved by Chinese tin prices falling or London Metal Exchange prices rising, or both.
“Either way, we expect total global inventories to decline over the coming 12-18 months, steadily tightening the tin market. We believe that the LME price will recover and continue to forecast that it will move back above $25,000 a ton next year. In the interim, though, the market is not yet tight enough to prevent tin suffering severely again in 'risk-off' episodes,” Briggs said.

As of 9:55 a.m. EDT Friday, three-months tin was trading at $18,050 a metric ton on the London Metal Exchange. This was up $300 for the day, with the entire base-metals complex stronger, although tin was down $880 for the week.