RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Might as well look aheadOriginally in 2016 I bought TV because of two long term charts. Chart One showed LME zinc inventories declining from 1 milion to 100,000. The second showed zinc/lb in the low sixty cent range. The bottom was 'in'. From there i discovered Trevali, loved the 'pure zinc play' angle and joined the party we all saw coming--the party those charts showed was coming.
That long range inventory number has bounced around the bottom for the last two years and is meaningless...now. It has been usurped by other factors. There are all sorts of them, coronavirus today, Trump trade war yesterday.
Trevali will be in play. I'm not buying here because i don't have the patience holding Trevali would take.
If i was going to buy a metals bottom, which i suppose i will...some day...I'd be stalking Hudbay Minerals because after whatever recession hits in the next year or two for however long it lasts I'm confident Hudbay will still be in business. I'm not that certain about Trevali.
The single 'macro concept' that i go by, the terms that i think of, is the business cycle. The quantitative easing of the last decade has completely eradicated the 'predictability' that the business cycle used to provide.
Money keeps being printed. That money had to go somewhere.
Thank you all for the interesting comments.