Getting back to discussing the future of the stock, unfortunately zinc and most other metals dropped again overnight. In fact, zinc got smacked 3.36%. Unfortunately, fundamentals are pushing IBG towards that 1.7 to 3 cent target.
For 70707's benefit, you might note that tin was actually up. It looks as though there could actually be a real supply squeeze with tin, but what would I know...
LME base metals close lower on Friday
Xinhua, November 28, 2015
The base metals prices on the London Metal Exchange (LME) closed lower on Friday.
The three-month unofficial copper price dropped 49.5 U.S. dollars, or 1.07 percent, to 4,578 U.S. dollars per tonne.
The three-month unofficial aluminium price lost 21 U.S. dollars, or 1.40 percent, to 1,476 U.S. dollars a tonne.
The three-month unofficial lead price lost 27.5 U.S. dollars, or 1.68 percent, to 1,607.5 U.S. dollars a tonne.
Besides, the three-month unofficial zinc price lost 54 U.S. dollars, or 3.36 percent, to 1,555 U.S. dollars a tonne.
The three-month unofficial nickel price lost 325 U.S. dollars, or 3.56 percent, to 8,812.5 U.S. dollars a tonne.
The three-month unofficial tin price increased 62.5 U.S. dollars, or 0.42 percent, to 14,987.5 U.S. dollars a tonne. Enditem
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