calling the head and shoulders broken, page-11

I think the zinc price is saying it all atm HK.

Its firming and going away from the head and shoulders.

That being said unless we see a continuance of the previous rate decrease in the stockpile prior to the Dubai dump and down past the previous stockpile low then I cant see it dramatically rising again any time soon.Not that thats what I want to see anyway.

Id prefer to see it firm between $1.70/$2/lb for at least a couple of years.Somehow I think there will be a surprise on the low or high side for whatever reason.

Not really concerned re rises and falls from week to week HK.The current stockpile level should be enough to underpin a continuing strong zinc price but watch the Chinese with a telephoto lens as this is the place any surprises will come from imho in the short/medium term.

d.