just in case you havent seen the newswires:
macquarie research equities put a $5000 per tonne price forecast on zinc by the years end due to demand exceeding supply this yr alone by a whopping 400,000 tonnes!
Macquarie has always been bullish on metals
but whatever theyve said has always materialized re metals in the last couple of years
They are the market leaders in the true sense for many stocks in australia (IMO of course)- some of the other funds usually will follow a powerful 'leader' whom 'indirectly' assumes jurisdiction of a particular set of stocks and seeks to greatly influence their movement (?) , if you know what I mean ;)
look at JBM
Again its all my speculation here re a market leader for a stock or set of stocks whom seeks collussive help from others to move it
Anyways back to the main point: what macquarie says I believe
so $5000/tonne or $2.27 USD/llb by the end of the years which isnt far away
zinc to perform well in 2007 - cause macquarie said so :) :)
many other fundies/brokers speculate a pullback and much lower prices for xinc to average in the next year, but macquarie knows best ;)
maybe this will encourage profit takers to dip back into PEM in the next few sessions as if the price is really gonna average $2.27/lb, we're onto 'somekind of monster' here!~
cash cow galore
how phat will the divvy be???
good luck to all
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