A good sensible post Forged re; zinc inventory. People must...

A good sensible post Forged re; zinc inventory.

People must remember that first and foremost Glencore are in the business of trading commodities and are by percentage the largest zinc traders so it's no coincidence that all the recent action is happening in New Orleans where the bulk of their zinc is stored. I'm guessing you'd have to be fairly naive to think that Glencore wouldn't be holding excess zinc and that they wouldn't be taking advantage of a rising zinc price, at the same time i wouldn't think it would be in there interest to flood the market and destroy the recent rally hence why the POZ seems to have stabalised and these recent additions being priced into the market.
Although annoying I'm personally not to concerned as Forged pointed out on the 5 year chart, the downtrend still remains very much on track and and as someone else mentioned will only accelerate mid 2015 when Lishem & Century run dry. Remember If Glencore are saying that the zinc market is already tight then that's good enough for me.