ZFX zinifex limited

zinc lme stocks crashing still, page-3

  1. 1,539 Posts.
    I dont think the wheel is going to fall off the Chinese or Indian bikes just yet...however I think there has been a fair bit of fund speculation driving up the metal prices Nickel/Zinc)and unless supply/demand is seen to additionally drive their holdings to continued profits, I would expect some easing of prices by fund selloffs.
    I hold both MCR and ZFX and do believe we havent seen the best yet, but am expecting some retracement before we see the next leg.
    ZFX to be around $13 by years end and built on a support level IMHO and MCR to be around $1.50.
    Just my opinion fellas.
 
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