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Gold/Mining/Energy : Silver Bull Resources, Inc.

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To: schuft who wrote (1907)	5/29/2008 5:03:16 AM
From: jack102son	Read Replies (1) of 5637

We will soon see if the huge surplus in the global zinc market everyone expects this year is going to materialize. LME ZINC INVENTORY JUMPS 7,850 TONS A few more days like this and we could see zinc at 0,8-0,85. Some companies will be making loss at that price but that doesn't mean that they will stop producing. They were expecting 10,000 instead of 7,850. LME zinc inventories tipped to rise another 10,000 tons, after jumping 7,000 tons overnight to highest level since October 2006 at 135,650 tons. Hong Kong-based trader says market player holding the zinc stocks likely putting them into warehouses as recent earthquakes in China failed to have as big an impact on zinc production there as initially expected, prices failed to rally. "I think it's been there for some time but it hasn't been on warrant"; LME rules require stocks to be warranted to be considered as LME inventory. LME 3-month zinc at $2,199/ton, down $1 on PM kerb. (MWL)

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