GREY:ADAIF - Post by User
Comment by
ripthorneon Feb 13, 2007 2:36pm
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Post# 12226720
RE: Looking Good!.. Zinc starting to rebound
RE: Looking Good!.. Zinc starting to reboundJust Thinking about something.
Is this correct:
LME Stock of 97700 Tons of Zinc in the open market
2000 LBs in a Ton = 195,400,000 Lbs in the open market.
Thus: 195,400,000 * 1.44( Current price of Znic)
281,376,000 Millon Dollars would buy the worlds Supply of Zinc.
EQUALS:
The Hedge fund managers must have a Field day with this stuff. My suggestion to the ZInc Price is watch the LME levels in the next two months. If Inventories rise( not price) then Bears Win, If Inventories get lower( Bulls Win). THis is going to get interesting in the near future.