Another week, another high Lead prices extended gains last week, reaching a high of $2,653 per tonne on Thursday, January 25. Selling is starting to dominate, restricting the upside, but there is also good dip buying interest, which means the overall uptrend is intact. Sister metals zinc is still putting in a stronger performance than lead, and where zinc goes we expect lead prices to follow. Are stocks pointing the way forward? One notable bullish issue with zinc is that there has been no stock inflow into LME-registered warehouses since November 14. For lead, there have been 22 days of stock inflow in that 51 day period. However, there has only been one...
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