Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Anchan who wrote (30594)	2/8/2007 10:46:50 AM
From: AuBug	Read Replies (1) of 78421

Because you're a genius and now you can buy it at c$0.88 ;-) ADA.v is taking a bath today and it just blew thru my gtc orders at c$1. My MMG is getting soaked as well. Apparently there's a glut of Zn. Using LME stocks as a proxy for supply & demand is not too useful. If demand is strong why would any fool waste time and money sending their metal to some warehouse when they can ship directly to their customers? So a turn from dropping LME stocks to an increase is very bad sign because it implies that now suppliers have excess that they can no longer ship drectly to paying customers and need to store it in a warehouse.

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