have zinc prices bottomed?
It's good to see some life again on this zinc board. Obviously, the future is very difficult to predict right now. My WAG is that we have a short term bottom in the $0.50/pound range for the next few months. After that, the market will try to sniff out the probability of a near term global economic rebound. My own guess is that the market's springtime hopes for a second half rebound will be crushed by summer time, sending zinc back down into the $.40's. Then the rebound will occur late in 2009, or early 2010 as the end of the downturn becomes visible.
But anyone who believes in iron-clad predictions at this time is a fool. We have to listen carefully to the market and follow its subtle hints.. Unfortunately, I'm not good at reading the subtleties of markets, and so hopefully others here on this board can provide more enlightened guidance than I can provide.
