Zinc is in a Roaring Bull Market Now
Dear Reader,We predicted late last year that zinc was facing an imminent supply shortage, and now it is all unfolding, with zinc leading the metals for 2016!
We should also note that copper, which is truly the best indicator for the mining sector as a whole, is seeing its best month in the last 2 years. Tight supply for both the metals is giving us a nice liftoff as we head into 2017, which we expect to be a spectacular year for our readers!
Last year, two major zinc mines closed: Australia’s Century and the Lisheen mine in Ireland. This has created what Goldman Sachs is calling an imminent shortage for this metal! The deficit this year looks to be about 400,000 tonnes, which will only send prices higher, in our opinion, throughout 2017.
One smelter in China has even publicly stated that it will have to suspend production in the first quarter of 2017 due to collapsing inventories. In our analysis, the stars are aligning for zinc. Expect to see our top stock suggestions very soon as we look to add up to 3 positions to our portfolio.
Currently, we only have one zinc suggestion, Callinex Mines (TSXV: CNX & US: CLLXF), which is up 219% from our initial alert!
Heavy Profits to Come…