Also you totally misunderstood me, I was saying the market is still on holidays in that many analysts aren't back at work. volumes are low. Standard for this time of year. NOT a comment on peaks.
Anyway this is what Bell Potter has to say about metals:
2017 has been a good year for base metals. Copper, zinc, nickel, aluminium and lead have all posted strong gains over 2017. Tin has also consolidated at higher levels.
OK and the future:
The supply demand balance has become tighter across the board with most metals in deficit or facing a deficit. Underpinning this on the demand side are positive fundamental indicators such as manufacturing PMI’s across key global economies all evidencing co-ordinated global growth.
This is consistent with my analysis. Increased demand and constrained supply for zinc affects the economics of Oposura in a good way. A construction boom is happening in the US. Infrastructure spending will begin to take off. That's good for zinc. Sorry but it is. Plus it's just over the border from Oposura.
AZS Price at posting:
36.5¢ Sentiment: Buy Disclosure: Held