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Gold/Mining/Energy : Breakwater Resources (T.BWR) -- Ignore unavailable to you. Want to Upgrade?


To: Orwell who wrote (583)1/4/1999 1:33:00 PM
From: jack marshall  Read Replies (2) | Respond to of 962
 
If 3-month zinc cannot breakout of $0.42 cent range the death watch is on for less than deep pocket miners.

Even the likes of Kidd Creek can't last at these levels when you throw in low copper prices to boot.

Brook Hunt out of England took it on the chin for a few years when they said market fundamentals for copper suggested a $0.65 price. We now know that market manipulation kept it above $1 (Sumitomo). They were in fact right.

Brook Hunt maintains zinc price should be $0.57 based on fundamentals yet we see $0.42. This time its the shorts manipulating things.

I guess the problem with the dismal science is they don't talk much about timing.