As I've said many times, this is best page for Zinc charts. Feels like we're on the verge of one last run up and the correction since Feb hasn't taken out the trendline from the Feb-16 low in the low $.60s/lb. Look at the five year chart. Correction since February looks natural and we could still go up.
Market eating through that large one time delivery to the New Orleans warehouse and as long as we don't break $1.40 on the one year chart, this is a strong level of support we could bounce off for say, one last run up to a speculative top near $2.00 which was around the 2006 high.
Had a bunch of ASND.TO but have sold it now as I await direction. Still holding all my USA.TO which should benefit greatly if zinc runs up, but should do well regardless over the next two years.
whenever the top is, this is a commodity and prices are likely gonna drop fast like in 2006.
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