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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Zincman who wrote (24238)11/3/2006 8:30:48 AM
From: loantech  Read Replies (1) | Respond to of 78421
 
You are showing why you are going to the head of the class. How ya doing. Nice ride recently on MMGG and POM. GGC holding and moving up nicely stealthly. Now come on GGN and WGDF.



To: Zincman who wrote (24238)11/3/2006 8:55:46 AM
From: Mr. Aloha  Respond to of 78421
 
I don't think so. I've never known a speculator to take delivery of tons of zinc. Speculators trade futures, but they don't take delivery, as they don't have the warehouses and infrastructure for that and the holding costs would be prohibitive.

Do you have any evidence at all to support your suspicion? Have you ever heard of a speculator taking delivery of thousand of tons of zinc (or hundreds of thousands in this case)?

No, I don't have a 10-year lme chart off hand, but I think I may have seen one before...