Again, I will say that the short term spot price is open to manipulation.
There are plenty of people who are keen to see the zinc spot price go lower eg Chinese manufacturers.
Chinese metal traders were apparently dumping zinc on the world markets in an attempt to drive down the spot price. This will only have a temporary effect on the spot price and stock levels. They can't do this indefinitely, and at some point may be forced to buy back their positions. The technical indicators are open to manipulation at this point in time. It would only take a hiccup or two at a production mine to recover its uptrend.
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- be bloody carefull
ZFX
zinifex limited
be bloody carefull, page-7
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