Whither LMEPosters here have lately been skeptical about the predictive value of the LME zinc stocks (now at 117,550).
There seems to be 2 ways forward. Either there is a signifacant dump that lets the zinc price languish in the recent $1.13 $1.23 range or there is no big dump and the zinc storage keeps dropping with the price finally moving up inversly to the LME storage.
Does it feels like the big dump would have come in already if it was going to come in at all?
Can we finally see $1.30+ zinc and $1.00+ SP? Will we have a double digit SP jump in 1 day?
Will Santa come early for TV?
I hope so.