Monday, July 4, 2011

Chart of the day is....

...the 15 year zinc price chart:
It's moved off the $1 level these last few days and currently trading at $1.065. By the looks of things, $1.20/lb would be an interesting place to see what happens next. It's certainly a different market than it was 10 years ago though, and staring at this chart for a while reminds me just how often the loony goldbug brigade prefer to forget about the costs input side of mining...but that's just me.