Teck Resources Ord Shs Class A T.TECK.A

RE: RE: RE: Coal Prices

[Falcon44]

Your wrong on the relation to Thermal coal verses Met coal, Since 2 years ago, all coal stocks have been following The US Coal Index to a tee, Met coal had never been considered a commodity untill they started to include it in this index, and if you look at the chart, you will have seen that it's bottomed right out, along with All Coal Stocks and is showing some signs of an upward direction over the last 2 weeks. Thermal Coal has always been the cheapest where as Met coal has always  had  the premium price given to it. What makes you think thats changed? And as for todays market ralley, it was the banks that took the markets down to these levels,  and all that it needs is a little bit of optimism in the banking sector  to spurr a ralley. A key to what lies ahead is the bond market, It sold off today and money poured back into financials and commodities, the most oversold sectors in the market. I'm expecting TCK to continue it's upward price movement this week, We still have news to come on the Pension funds and China investing in TCK, and as long as that  keeps playing  out, the stock will remain bullish. Expect a high of $4.75-$4.95 for the week, Just my predictions, then again $3.35 was my low prediction last week. Toot ,Toot, Cheers!