The POZ has held in a tight range between $1.0023 and $1.0395...

The POZ has held in a tight range between $1.0023 and $1.0395 for eighteen consecutive closes.Meanwhile the stockpile is falling back towards all time lows. It seems that the time has come for a re rate of the Zinc price. Are there hundreds of thousands of tons still held outside the LME warehouse or have those stocks been reduced to virtually nothing? It looks like traders believe there will be another dump but have they got it right? Whatever stock is held outside the LME there is a lot less of it now than there was twelve months ago. Only time will tell but I believe that the POZ will move up rapidly starting very soon.

Cheers

Neptune