Tax time Init.These leaches will pull it down for all they are...

Tax time Init.

These leaches will pull it down for all they are worth.

Better off paying a bit of interest on any tax owed and wait till it goes back up again.

And I agree Zn price is a pretty large key to this.The Chinese quake in conjunction with a rise in cancelled warrants seems to suggest theres life in the most boring base metal yet!

What a lot seem to forget is the LME stocks still arnt very flash with less than 125kt left and the stocks appearing to be heading back down ftm.If one compares zinc and copper,copper stocks did much the same after it pulled its stocks back up to 200Kts and they then proceeded to roll over and head back down again.If zinc can show that stocks will be down here for the duration of the Chindia boom then the price may well start to firm again.Lets hope that the Chinese steel price hike translates into heavier steel usage,hence zinc demand.

The worry is the Zn price chart,which is very volatile atm.Traders no doubt.One hopes it can firm back around $1/$1.10 again.A real battle between the technical shorts and fundamentals it seems.

d.