Hi Brenden-yes they are probably shorting any commodity they can, as theyve been kicked out of their usual area of parasitism, (ie taking out without adding any value for anyone) but the withdrawal of Indonesia is in line with their earlier statements of intention that they would not sell tin for silly prices -it is becoming harder and harder to find and produce. There will be some very silly fundies and inexperienced speculators burnt by market imperatives (but its probably not their money) with one of the principal suppliers out of the market, and inventories low, there is only one result that follows. The snowball the hegies etc. are pushing uphill will roll back on them. Just sit back and watch. Probably wont be long! Dont expect the exit door will be all that big when it turns.
MLX Price at posting:
13.0¢ Sentiment: Buy Disclosure: Not Held
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