Mission , I look at those Cancelled Warrants and the Live Warrants on the LME website ,but dont really understand them or their individual significance as a predictor of price trend,other than together ,they make up the "LME Stockpile"
For example ,I note that Cancelled Warrants for Zinc make up 5% of the Stockpile,but Cancelled Warrants for Copper make up 30% . My presumption has been that; Low CW vs LW is indicative of a increasing Stockpile and, High CW vs LW is indicative of a depleting Stockpile. If this is the case ,there should be a cross over point I might be completely wrong here, any ideas to enlighten me?
KZL Price at posting:
31.0¢ Sentiment: Hold Disclosure: Held
