ZINC 0.08% $2,575.9 zinc futures

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  1. 9,286 Posts.
    I am not going to call a direction but the obvious facts are that zinc is at record prices.

    Whether $2.00 or $1.64, high is high.

    When ZFX made its $1B profit the average price received was nowhere near $1.64, the average price may have been $1.00.

    Over the last two weeks the rise in stocks has ceased.

    I do not claim to know nothing about buying patterns but they do fluctuate. That is their nature.

    There are long term demand fundementals , which are not going to disappear overnight..
 
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