RE: Hey...candle, or....
Dear fellow bagholder, LOL!
Have exposure to zinc through Teck and Selwyn. Small position in Teck. A relatively large position in Selwyn.
At the stage, I would not add to zinc exposure. I believe the commodities are overbought and we are in for a major commodity price correction starting with oil. I am surprised, pleasantly mind you, that commodity prices are so high at this stage in the business cycle. These impressions were formed looking at how commodity prices historically unwind following recessions, and the fact that though record high oil prices may have been the catalyst that got this recession going, it quickly became finance-sector propagated, and those kinds of recessions tend to unwind very, very slowly.
I could be wrong. There is all this massive liquidity that central banks have injected into the economy since summer 2008. Will it result in run away inflation in the mature economies? Most unlikely. But it could find its way into the stock market and contribute to higher commodity prices. Will that effect last or simply add to volatility? Dunno.
Longer term? Well, that's another matter. This secular commodity super cycle still has legs.