TSX:TECK.A - Post by User
Comment by
DoubleManon Aug 03, 2009 3:05pm
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Post# 16187062
RE: RE: TCK may open over $29 on Tuesday
RE: RE: TCK may open over $29 on TuesdayMost metals are are today on news that the U.S. recession may have bottomed and is now showing signs of recovery...
TCK in the U.S. could finish today at 2.30 plus up.....another hour or so will tell the tale....it is important to remember that TCK in CDN was over 53.00 last year......and even at 30.00 the SP is still well off the highs.....
If this metal run continues and combining it with the new coal pricing and increased shipments....I would tend to doubt that 30.00 CDN will be the new ceiling.....it is looking like a 40.00 SP is well within reach if TCK keep up this positive momentum.....
Comments welcome.....