Mate, have a look at lead and state your thoughts. Here is data on it back to 1800 for you:
www.aspecttrading.com/hc/lead.zip
A few weeks ago I went over its history comparing other periods of high demand/speculation and observed how prices reacted to this, same as I did for Zinc. My conclusion was that its bull run was likely to be over (if you look back to the 1980's around 1987 etc and focus in on that campaign it is very similar). The big fall lead had a few weeks ago happened last time 20yrs ago under the same circumstances.
Lead has been under pressure since then, but hasn't really broken down. Could just be getting distributed in a tight range.
Interested to hear another opinion.
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Last
$2,575.9 |
Change
0.000(0.08%) |
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