One of reasons for investing in Zinc stocks is that they are seriously in the money once we hit the $1USD/lb mark. This is a major line of resistance on the 5yr chart.
In the last month Zinc has gone from 83c/lb to 90c/lb (up 3.9% today) and is in a bullish trend heading towards the magic $1/lb mark.
In China there is a marked pick-up in zinc demand, which is likely to rise further as Beijing embarks on an infrastructure-building drive.
DYOR
zinc heading towards $1/lb
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