Markets are forward looking, worsening sentiment towards zinc is not based (primarily) on recent changes to supply or demand, but rather deteriorating macroeconomic outlook (tariffs, slowing chinese industrials, rising usd) and concerns about new supply coming online over the nxt 6-12 months
I agree speculative commodity markets tend to feed off existing sentiment and often overshoot the mark. this happened when RVR shot past 40c, and may happen again as the bottom falls out of the zn narrative. have we hit bottom already? who knows, possibly not
rvr seems like a reasonable punt for a quick flip at this price, but traders need to manage their expectations re potential upside (not suggesting you aren’t), precious highs were built on frothy sentiment and are unlikely to be repeated in the short term
RVR Price at posting:
23.5¢ Sentiment: Hold Disclosure: Not Held
