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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Last
$2,575.9 |
Change
0.000(0.08%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| $2,575.9 | $0.00 | $0.00 |