Andy Homes lays out the facts to suggest there could be a nice bounce from here with shorts in a bear trap. Great article below. To quote Andy:
"The money men have steadily increased their bearish bets on zinc to the point that, according to LME broker Marex Spectron, the net speculative short has grown to 29 percent of open interest. That’s the largest short position since November 2015."
Look at the Kitco charts. The last major bottom was November 2015 and zinc ran from $0.65 to $1.60 after that. I doubt we'll get that kind of run this time but takeaway is bias should be to upside for rest of year after recent selloff.
I've held USA.TO through the pain and if you didn't have any I would advise to add here in next few days.
I have enough USA.TO so I literally just bought Trevali as I wrote this post and convinced myself for a multi-month trade, as it's chart has mirrored Zinc and, as always, will be a go-to name if zinc grinds slowly upwards again.
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