Replies to post #27441 on ~*~Mining and Metals Du Jour~*~

[the cork]

Gracias amigo condor11. I think zinc may suffer some short term weakness due to decreased global industrial demand, but it will recover as currency debasement progresses. As you can see the warehouse levels are low (although that doesn't include the "shadow" warehousing that goes on) so the stage is set for a price rise if any industrial recovery occurs.

Actually, I think all metals,... all commodities for that matter ... will experience an increase in "fiat" value. Commodities have an intrinsic value, and fiat currency doesn't, so as the dollar is dislodged from it's dominant trading position by hyperinflation, anything with real value will appreciate in dollar terms.