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Quite day, any thoughts on recent price action of Zinc?...

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    Quite day, any thoughts on recent price action of Zinc? Currently testing/respecting the 200day SMA........



    Potential turning point, bottom of consolidation pattern?? We'll see, meanwhile stock levels continue to decline.....

    lme-warehouse-zinc-30d-Large (1).gif

    Interesting numbers below (as of 18/04).  The amount of *Canceled Warrants as a proportion of total inventory currently stands at approx 49%. Anyone know how this ratio stakes up historically?


    zinc levels.png
    *Definition below (Source LME)
    cancelled warrants.png

    A recent article/analysis on Zinc as we await the updated desktop study for those interested.
    > https://agmetalminer.com/2017/04/18/time-to-buy-as-zinc-prices-decline-in-a-major-way/

    GLTAH
    Last edited by Lucror: 20/04/17
 
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