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1/24/17

Chart of the day is...

...zinc, five year chart from those nice people at Kitco:


 
Only because this humble corner of cyberspace hasn't mentioned the chart recently. And of course we were pointing to the bullish outlook for the metal way back before the latest round of rah-rah bandwagon latecomers with fat mouths started shooting their lips off. Early May 2016, to be exact.
Zinc: Demand to outstrip supply in 2016
Yes, shameful but it’s true, your author is going all zinc-pumpy on you after sneering at the “it’s gonna happen anytime now folks!” perma-pumping of the sellside in zinc for years. This “Get On Zinc Before It Flies!!!” is a narrative (with obligatory three exclamation marks) that’s been sold to us for years, but this time it really seems to have some fundamentals to back up the wishful thinking and (continues)

And I wasn't one of those idiot Zn permabulls in a sellside brokerage cubicle saying the same damned thing about zinc every year since the Lehman crisis, either. Just sayin'.