Love the irony in the headline.
TGS is anything but out of favour.
Averaging down at 24 on Monday might have been the smartest thing this old duck has done for a while.
Where to from here? The fundamentals are becoming broadly supportive of higher prices, and i love that chart of declining LME stock levels.
With the current momentum, the SP obviously has some way to run, and will then overshoot on the topside after the rising price for the red metal steadies.
Could easily make double figures by xmas, a lovely present for an atheist bint.
Out of Favour, page-56
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