Base metals fade again

Copper back to $3.40/lb, zinc under $0.80 and the volatile lead down to 0.88 (and dropping, it seems). So be it. The reason given to the market is the usual bearish yada yada about China demand. The yada from Reuters includes...

 "People were hopeful there might be a pick-up in Chinese
demand after the Olympics, although we are not really getting
the feeling that is starting to come through as yet," said Dan
Smith, analyst at Standard Chartered.

....about king copper. To labour the point, this is why I like looking at the bigger picture, cos the fleabrained concepts that run the day-to-day market just stick in my craw.

I did notice Breakwater (BWR.to) rally very strongly yesterday...

.....but wasn't on for the ride personally...not this time. Can't win 'em all, but any further strength in the stock today in the face of this latest "China demand worry" will be telling. Missing a 20% + move doesn't hurt when you can still grab the thing under $0.40 and watch it go back towards its 52 week high ($3.41....yes, it really has dropped that hard).

Think zinc, people. Think zinc.