Big smiles here this weekend......I have all I want now. Guess where AAR is going?
Not long now and you will find out who the 1.75m buyer was IMO and those who traded between 19/9/06 and 11/10/06......and the next big move UP along with it :)
You may run but you can't hide any longer....can you???
Go chase all the U speccies you want, I have found the end of the rainbow!
A little light reading whilst we wait.
LME inventories dropping to drastically low levels and Zn price forecast to go up in 2007/8. 2 nice reads today......
"Zinc prices haven't climbed as fast as those for copper or nickel, because zinc consumers have been working through inventory in the second half of 2006 and into 2007. That has made supply seem higher than it is and had the effect of masking the huge supply deficit in zinc of 665,000 metric tons in 2006, according to Desjardins, and a projected 140,000 metric tons in 2007.
Desjardins projects that zinc prices will hit $1.80 a pound on average in 2007, up from $1.40 in 2006. CIBC World Markets projects a more pessimistic $1.68 for 2007, but even that's above the London Metal Exchange cash price for zinc of $1.60 a pound on April 12. So zinc, unlike copper and nickel, is trading below the average price projected by both investment houses for 2007. That gives the metal and the shares of zinc miners an edge looking forward over other metals and mining stocks."
and....
"In a report published in November, Scotia Capital updated its zinc outlook, increasing the price forecast from $1.48/lb to $2.06/lb. Due to the higher price forecast it is anticipated that zinc inventories will reach critically low levels in the second quarter of 2007. The International Zinc and Lead Study Group expects global demand for refined zinc metal to increase by 2.6% to 11.35 Mt in 2007 (IM, January 2006, pp. 14-39)."
AAR Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
