can I just point out that although it may be a flash in the pan - the cancelled warrant ration has jumped
it has tracked steadily from a high just before xmas ( 42% ) wobbled around and then through this last week has gradually eaked upwards through 38% very steadily
BUT todays lme cancelled warrant ration sits at 45.5% of total stocks.
it's a long long time since 45% has been seen !!
mathematically speaking minor changes in the warrant level now make exponential changes to the ratio which gets more pronounced as total stocks drop
I have been waiting for this and if this trend continues ( see what next week brings) then we should see a spike in the tin price
DYOR
be patient folks - the future is getting closer
CSD Price at posting:
7.2¢ Sentiment: Buy Disclosure: Held
