IKN

To quit this horrid act

Charts of the day are….

…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.

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