Short Term Trading Weekend Lounge: 26 - 28 Aug, page-173

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    Rav, From HC news...

    "Zinc hit its highest levels in 15 months on Friday as bearish speculators scrambled to close out positions, though some investors doubted that the hefty gains were entirely justified.
    Volumes were huge, with zinc turnover on the London Metal Exchange (LME) of nearly 10,000 lots, more than the combined activity in copper and aluminium, usually the most active contracts.
    "Shorts had been building up recently because people were expecting a setback lower, but when stops were triggered, that forced the shorts to cover," said Gianclaudio Torlizzi, Partner at the T-Commodity consultancy in Milan.
    LME zinc CMZN3 rallied to its highest since May 2015 at $2,327.50 a tonne before retreating to $2,321 by 1000 GMT, up 1 percent and taking this year's gains to 44 percent."

    If it keeps going to 1.10 as I think, then wave 2 will come again.
    PNX (2c), EMX (5c), VXR (.007c), CZL (4c) still look good buying to me for trading.
 
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