Aint over $1.60 ATM - I still think it has plenty to retrace. Many in here keep saying that LME zinc stock is running down, which is correct, but do we know how much zinc is stockpiled around the world at the moment? People have been suggesting we have nearly run out of Copper and then China announces that they are contemplating selling copper on the spot market. They have around 100,000 tonnes of copper. How much zinc do they have? Zinc supplies are diminishing more slowly on the LME ATM than what they were 1 month ago or even 6 months ago.
Aint over $1.60 ATM - I still think it has plenty to retrace....
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