Profile Follow Ignore Bobsa 1,369 posts. Date: 15/07/17 Time:...

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Bobsa

1,369 posts.
Date:
15/07/17
Time:
19:12:14
Post #:
25887537
Less than 100K of live warrants left on the LME!!! $1.50+/lbs Zinc by October 2017. Will start with a 2 at some point in 2018. Zinc bull just getting started and got plenty of legs left in it.

LME Official Opening stocks in tonnes
Stocks Amount
Opening Stock 266800
Live Warrants 98325
Cancelled Warrants 168475

Cancelled tonnage (cancelled warrants)
Warrants that have been cancelled and are therefore no longer available for trade - tonnage waiting for the owner’s instructions to the warehouse company for removal from the warehouse or possibly re-issue of warrants. Please note that there is no overall effect on the closing stock until the cancelled tonnage is physically removed from the warehouse. Cut and paste from the zinc thread