Well guys zinc drawdown continues with the stockpile down another 1,175t to 253,425t.
The price of zinc has held but then the funds really got stuck back into copper last night dragging the rest with it once again.Copper up another 12c or 3.5%!!!
Either these funds know something we dont or they are getting too enthusiastic.Its hard to believe they would blatantly chuck money to the wind without some strong fundamentals to back their investments up.Perhaps they know base metals will be in deficit for the mid term,which I too believe.
Getting all a bit silly for the likes of Copper?
The analyst comments in the near future will be interesting.
One thing is confirmed however and thats those thoughts of Barclays and Standard Bank analysts appear to be on the mark,for the moment anyway.
d.
AIM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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