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Gold/Mining/Energy : Silver Bull Resources, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: jack102son who wrote (1914)	5/30/2008 6:47:23 AM
From: schuft	Respond to of 5637

Why is zinc in Shanghei 20% more expensive then in LME? I will wait for MMG to fall to 1,5 and then maybe buy some more. May 30 (Bloomberg) -- Zinc slumped by the exchange-imposed daily limit to a record low in Shanghai on speculation demand may be slowing as global inventories climbed to a 20-month high. Stockpiles of zinc in London Metal Exchange warehouses rose 11.6 percent this week to 143,625 metric tons today, the biggest weekly gain in almost seven months and the highest level since September 2006. Zinc inventories in Shanghai fell 472 tons to 68,658 tons this week, still 70 percent above a year ago. ``Rising inventories in zinc has been a factor in keeping the bulls on the back foot and potential buyers on the sidelines,'' Leon Westgate, metals analyst at Standard Bank Group Ltd., said today in an e-mail. Zinc for delivery in August on the Shanghai Futures Exchange, the most-active contract, fell by the daily limit of 4 percent from the previous settlement to close at 16,660 yuan ($2,399) a ton. This is the lowest for a most-active contract since the exchange started trading zinc futures in April 2007. Zinc for delivery in three months on the London Metal Exchange was up 0.6 percent at $1,997 a ton at 5:29 p.m. Singapore time, after slipping as much as 6.8 percent yesterday, the most in over six months. Zinc Charts Technical charts that some traders use to forecast price movements indicated further weakness ahead in zinc, used to galvanize steel, according to analysts at Barclays Capital Inc. Zinc price action remains ``abysmal,'' breaking six-month range lows yesterday to levels not seen since the first quarter of 2006, the bank's analysts led by Jordan Kotick, wrote in a report e-mailed today. ``While a weekly close is needed to confirm, the low close indicates a resumption of the cyclical bear trend, which points to further weakness in the months ahead towards $1,500,'' wrote Kotick.

To: jack102son who wrote (1914)	5/30/2008 5:25:42 PM
From: shelby3	Read Replies (1) \| Respond to of 5637

I respect your opinion. My view is that I buy physical silver & gold, waiting for economic honesty and sanity to return to the globe. In the meantime, a large % of world growth is debt capital-- meaning someone is being stolen from in order to create redundancy else where. The big shift is those being stolen from rush to the exits of bonds and fiat, and so they have no where to go but hard assets. Paul Van Eden explained today that 90% of oil's price rise has been inflation (and that is only using the liar CPI-U, much more than 90% if he used SGS): youtube.com Honesty equity == silver & gold, waiting for death of fiat liar economy bubble Greater fool investing == commodities in general, waiting for rush to hard assets as the insanity of the debt bubble rushes to climax. Paul Van Eden has some other good points about how most of China's growth is exports (at least up to 2005) and about debt capital illusions: paulvaneeden.com We will get growth in global economy, but at least on the margins (most of the growth) is redundant, debt driven growth, so indeed it is a function of monetary inflation (debt bubble), so I look at the largest current losers in that paradigm (bond holders) and if they move out of bonds as Bill Gross of Pimco is advising, then that is the "greater fool" force coming: gold-eagle.com MMG is well positioned, both on honest value (silver) and on that greater fool bubble money coming, given it's superlatives for Zinc, and listing on major USA exchange. That is my opinion for now (and since 2006, when I told Aloha that I preferred silver over Zinc...which turned out to be correct). As I said, let's look back in 2 years and see if I was a kook. Maybe I am.