I am not as confident that the AUD will fall much below 104. With our interest rates at 4.5%, and most of the rest of the developed world at 0 to 1%, there is significant buying pressure on the AUD that is not going away any time soon. Commodity prices, while having an impact on the AUD, are not the only influence.
On the Zinc price - gself is correct - it is a bit of a gamble. (Look on the bright side - you are not in Alum.) The zinc price seems to have support at 90c and resistance at 95c. One way to reduce the gamble is to wait till you see a positive break from that trading range. You may not pick the low, but you may preserve your capital.
HT1
KZL Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
