RE:LongonZincI'm long here (just a little). I'm taking the World Cup off (haven't missed a match since '98) so not following the day to day mining and metal industry stuff as I normally do. Clearly this is risky business, but any sort of big global economic movement and the leverage here is exceptional. Problem is there is little hope in the short term for any movement in the moly market. I think this stays range bound for a bit. This was an excellent X-mas swing play, as so many canadian small caps are. Those that placed that bet did well. Unlikely to work out again next year. I have come to the point in this sector that is almost the play I make all year. Other than just waiting around for any other bottom feeding that becomes available.
Oh and licking my wounds on a big bet I lost. USA vs. Portugal, bet the final score USA 2 Portugal 1, with 15:1 odds. Could not watch the last minute. Walked back in to see at 95:25 and could not believe the score. Crushing to not win that bet with one minute left. Latest goal ever scored in the WC.