LME Base Metals Blasting Off Again!
The zinc inventory drop is picking up steam again and should drop below 200,000 tons by Friday.
A panic is starting in nickel due to shortages. I think zinc is headed for the same panic of a shortage. If big users start to stockpile emergency reserves, this will cause the parabolic spike to go a lot higher than it should. I am sure that some day the supplies will catch up with demand and when that happens....look out.....the price will tank. But here's the rub, this could take YEARS! We may see metal prices double and triple from here.
I continue tolike Eurozinc, HudBay, Breakwater, and Zinifex. This run in metals still has a long way to go and there will be a lot of money made in these stocks.
Good Luck!
Kipp