Zinc price cycle; change is coming :-), page-2

After the false starts of last year, it looks like that zinc deficit is now very real and beginning to bite hard http://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Zn_cash and Friday LME fell by another 2525 tonnes to finish the month at 404, 300 tonnes, the lowest for many years and over ten years since it reached this level on a downtrend. The zinc stocks in China have also been falling for the past 8 weeks http://www.metal.com/newscontent/90932_zinc-inventories-in-china-major-markets-fall-8-weeks-on-end

Demand is increasing, albeit slowly but supply is declining https://australianmining.com.au/news/zinc-mine-shutdowns-are-lifting-the-metal/ and the zinc price is responding according, rising Friday to new 6 month high to 87.5c per lb.



Expect to see LME inventories decline to under 400,000 tonnes this week or next, and price to move to 90c - thereafter we're in breakout territory for both further pice increases and the IBG share price.

Lovely situation as it is, obtaining the mining licence soon won't hurt either.

Is this the real deal? Keep a close eye on those daily inventory and price movements.

IBG poised to gallop IMO