Value Microcaps Motherboard

[cliffvb]

Base metals...I'm not ready to throw in the towel on metals, actually I think this is an excellent buying opportunity. Copper is the weak link as inventories have grown substantially but if one looks at 1 year charts of nickel and zinc inventories, the recent increase is imperceptible.

Also with zinc, the increase in inventories is all at Singapore. I suspect the RedDog material is being sent there. I believe that Red Dog is the worlds largest zinc mine and it is located in the northern arctic. Its entire annual production can only be shipped out in a 100+/- day period when the ice breaks up. Their output from the smelters is still showing up but that will likely end soon.

Here is a breakdown of today's changes in zinc inventories by location. Most other locations have zero inventory left:

Genoa -25
Johor -50
New Orleans -125
Singapore +3300

I continue to like BWR, BWLRF with their large increase in zinc production coming this year. I also like Lionore for nickel.