…about zinc, the one year price chart and the six month LMA warehouse chart.
Price is important of course, and the $1.08 and $1.09 per pound prices being fetched this morning are quite a move away from that recent sticky $1 barrier.
But this warehouse inventories chart has its own interest. Stocks have stayed high all through the metals run so far, but there’s now more than a hint of things lower to come. DYODD and think zinc, dude.
Charts from kitco base metals, bless em.