Zinc situation looks like Ni last may...
Looks to me like the inventory builds on Zinc are accelerating. I think the price of zinc could fall pretty dramatically here, say under a buck. That's what the head and shoulders zinc price chart pattern indicates.
I've been moving out of my Zinc mining stocks ever since the inventory levels stopped dropping and now I'm out of all my Zinc mining stocks except TAM.V (which I'm going to hold as long as its moving towards production and remains more undervalued at futures pricing than anything else in sight).
Anyone bullish about Zinc metal prices near term?
If not, anyone think zinc mining stocks (TAM.V, SRZ, ADA, BN) can hold up even while zinc prices are falling? Why so, given what happened to extremely undervalued Ni miners during the Ni collapse.
Many thanks to this board, have been moving my zinc money into other board favorites including precious metal stocks I wouldn't have considered without the board.
By the way, the RNO board considers me to be a major nervous nelly (but I dodged most of the Nickel collapse last spring), so you can judge for yourself whether to get alarmed about Zinc.
Monty
