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Tuesday, March 21, 2006


Silver and Zinc Hit Multi-year Highs

With news about a new silver ETF (Exchange Traded Fund) getting closer to reality, silver today hit a new 22-year high over $10.50/ounce. Meanwhile, zinc also hit a new high over $1.13/pound, as the zinc inventory tracked by the London Metal Exchange fell to "less than 11 days of global consumption. Stockpiles have dropped 48 percent in the past year."

According to Bloomberg, "Zinc rose to a record in London as a decline in stockpiles signaled strengthening demand from China, the largest consumer of the steel-galvanizing metal."

As we mentioned in our original report, Metalline Mining (MMGG) has a large amount of both zinc and silver, though the silver development had been put on hold since 1999 as the company shifted focus to its oxide zinc. As both metals continue on their long-term bull market rally, and as Metalling Mining moves closer to mining these valuable resources, long-term shareholders should benefit greatly.


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