TSX:TECK.A - Post by User
Post by
Falcon44on Feb 02, 2009 4:17pm
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Post# 15746319
Weekly Price action
Weekly Price actionIf the US passes it's protectionism bill this week, look out. This bill is aimed at China, not Canada, and the dumping of cheap raw steel into their market. China sold 35 to 40% of their raw steel to the States last year, if this gets cut out ,then China's no 1 industry will be in tathers. This will be disasterous to TCK and all other Miners. Coal quotas will be cut back even more, and the price will plummit. I hope they can come to a happy medium with this deal that will benifit all nations, not just them. It figures though, the US created this global meltdown and now it looks as though they will finish it off, and come out as a super power once more. Kinda wonder if it wasn't planned that way.