OTCPK:IVWFF - Post by User
Comment by
vocex1on Dec 30, 2004 3:15pm
258 Views
Post# 8370636
RE: Today's price action...
RE: Today's price action...Yes, an historical move today on price of lead. This is a clear breakout on the 5 year chart, and, finally, a confirmation of that cup and handle formation we saw a few months ago.
Here is a link to some historical lead price charts, fyi:
https://www.kitcometals.com/charts/lead_historical.html
LME stocks down to 41,000 tonnes, even with a little bump of +700 tonnes today, we are getting close to the inventory lows we saw just prior to the Singapore bump, in the mid 30K range.
High today in trading was about 0.4684 US/pound.
IVW price is poised for a run, IMHO.
I'm ready for it, LOL.
vocex1