Observations:
From August to early November the stockpiles of zinc fell from 185,000 to 70,000. The price went up from $1.45 to $2.05.
From the same point in early November to present zinc stockpiles FELL from 100,000 to 97025. At the same time the price of Zinc fell from $2.05 to $1.53 or a fall of 52 cents.
Explanation: Nothing can be explained from this, as according to theory the price of Zinc should have risen. This is in accordance with long-term chart of Zinc VS stockpiles.
Evidently stockpiles where not the cause for the decline. But yet the decline was predictable.
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Last
$2,575.9 |
Change
0.000(0.08%) |
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| $2,575.9 | $0.00 | $0.00 |