Here are thoughts from FOLLOWME on the zfx thread....RELEVANT TO DIRECTION OF pna, i RECKON. i hope he/she is right.
---------------- Zinc down 4.63% as we speak (or rather type)
I will be buying tmrw. Some ZFX and other select mid-cap base metal plays.
I now expect the FED to drop rates by 50bp. A strong SHORT TERM rally into XMAS (all the way to DEC 25) WILL eventuate.
Base metals will index general market movement - ie, rally forward into XMAS. They have fallen hard, lack direction at the moment (Dec 11 will provide immediate short term direction), and have much to gain - or rather, 're'-gain.
Tmrw may be the last buying opportunity day for this CALENDAR year imo.
PNA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held