OZL 0.00% $26.44 oz minerals limited

zinc maybe getting some support from Jim...

  1. 14,167 Posts.
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    zinc maybe getting some support from Jim Rogers

    http://www.bloomberg.com/apps/news?pid=20601012&sid=a0hRi80JG9tM&refer=commodities

    apparently he is "considering industrial metals"

    But doesn't say which one.

    However he does mention zinc

    Rogers said. ``Nobody can get a loan to open a zinc mine. People cannot get loans for their inventory which is part of the forced liquidation. So all of this also means even less supply.''

    Also I notice that in the OZL quarterly report that supplies are still very low. oz says 155,000 tonnes or about a weeks worth. However it has gone up to around 160,000


 
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