Value Microcaps Motherboard

[cliffvb]

Zinc LME warehouse stocks went up by 5,725 today. I checked and the entire increase was once again all at the Singapore warehouse. 17 out of 26 of the official LME warehouses continue to carry zero inventory of zinc. I believe that much of the output from the huge Red Dog mine in the northern arctic is what is now showing up at Singapore. Red Dog's entire annual output is only deliverable in the late summer to fall months when the ice breaks up. It is now showing up as inventories from the smelters. The price of zinc will likely resume its upward course once the Red Dog output is no longer hitting the market, IMO.

Here is a breakdown of the only changes for the day:

Singapore +5750

Trieste -25