with divergent trend in LME stock.
Boy this an interesting situation.
My gut feel and purely ONLY opinion is that a price breakout likely, as lead also looked like it was going the other way but inventory pressures arrested that for the moment.
I keep hearing about all this new Zn supply, but its not reflected yet in LME and we are way below a comfortable operating demand supply equilibrium.
POZ over 175? Yeah I'm punting we are there by xmas...but hey its just guesswork so far and definitely not to be construed as advice.
Wheres my mate the tealeaf reader? He had some interesting contrarian views that I think we need to hear as a sounding board and to remember the darkside.
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classic head and shoulders but
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