Fundamentals didn't drop 25%, in fact, tin went up 0.26%. (See below.)
My feeling is that traders such as Forge, Johnny and others are trying to scare people to drop. Funny thing is, the people I know, including myself, added to their positions. The other positive news on such a negative drop, the last two times it visited these prices, the share jumped 7 times and 12 times. History does have a way of repeating itself.
Like Johnny Rotten (no, the real Johnny) quoted:
I'm not here for amusement. You are here for mine.
Lol
Anyway, very interesting day. (Time to vacate the building... Again).
Keep safe and don't get fooled.
Shake it all, shake it all... Oooh, oooh, ohh!
LME base metals close mixed on Monday
2015-12-15 01:50:20
LONDON, Dec. 14 (Xinhua) -- The base metals prices on the London Metal Exchange (LME) closed mixed on Monday.
The three-month unofficial copper price dropped 31.5 U.S. dollars, or 0.67 percent, to 4,681 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 2 U.S. dollars, or 0.13 percent, to 1,487 U.S. dollars a tonne.
The three-month unofficial lead price increased 3 U.S. dollars, or 0.17 percent, to 1,724 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 6 U.S. dollars, or 0.39 percent, to 1,548 U.S. dollars a tonne.
The three-month unofficial nickel price increased 62.5 U.S. dollars, or 0.72 percent, to 8,737.5 U.S. dollars a tonne.
The three-month unofficial tin price increased 37.5 U.S. dollars, or 0.26 percent, to 14,587.5 U.S. dollars a tonne. Enditem
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