TSX:TECK.A - Post by User
Comment by
b42on Feb 22, 2011 4:25pm
464 Views
Post# 18175814
RE:150 day; Thanks !! Agree,BUT,,,,
RE:150 day; Thanks !! Agree,BUT,,,,Last summer TCK spent 4-months between ''the 200'' and about $10 lower before reclaiming back it's uptrend. The worry this time (and i hope you can give us your opinion on this,) is the copper rollover from $4.70 to current 4.30 over the past month or so. Teck is being treated exactly like the other big copper producers, almost as if the met-coal, zinc, etc etc don't even matter. We all know that FCX has a huge gold mine, yet ever since they bought out Phelps Dodge everybody forgets about the gold mine and just treats it as a copper company. TCK and FCX 2-month charts are almost identical. Let's get a 'fix' on where copper might bottom because that's where i'm convinced that TCK will hit bottom also when copper does.