CG are underwriting it so it’ll be interesting to see how they...

CG are underwriting it so it’ll be interesting to see how they play the game with borrowers and any shortfall. No point going in circles speculating how this will play out and to what extent shorts will cover but I think we can agree that a) it’ll likely create upward pressure on the SP; and b) it’ll present an excellent trade opportunity.

Meanwhile, zinc has broken resistance on the intraday and looks to be headed back into the high 1900s. If it holds the trend on the daily, good chance it’ll poke back over 2000 soon. Bodes very well for the CF+ qtr.