Sorry didn't make myself clear.
If fund managers start selling (i.e. that one part) then all the long positions have to be liquidated simply because all these guys buy on margin and can't risk it
You can see its not fair that copper gets the blame for the sentiment at the moment. Nickle has hardly fallen through all of this, but it is turning.
If you get a solid wave of liqudation at the top and short covering, then it will all come undone very quickly as Copper traders have just re discovered.
- Forums
- ASX - By Stock
- ZFX
- zinc daily price up
ZFX
zinifex limited
zinc daily price up, page-23
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
TLX
Telix jumps 11.6% as US government indicates proposed medicare changes won't affect prostate cancer drug
SKS
SKS Technologies wins US$90M award to supply power to international hyperscale data centre in Melbourne