chinese wont be buying 4 a couple of weeks due to their new yrI...

chinese wont be buying 4 a couple of weeks due to their new yr

I suspect PEM to range trade somewhere between both strong bottom support in the 20s all the way up possibly to test the other extreme of strong resistance at 4.68.

When chinese start buying more zinc in 2 weeks or so , thats when we have a strong chance of starting to see resistance broken!

So if you want a key position in this great co before another run up, this is your chance (IMO of course) as traders are tipping a rise in zinc price on renewed buying

maybe we'll see another insto getting in within this time frame???

rotations from wounded ZFX to next value choice PEM (thats what the weekend paper suggests has happened)

thus rise in price to 4.60s

remember 4.68 key resistance