RE: commodities Jaymilleryouve already missed the boat- it was a no brainer under 10 bucks. where do we go from here though?
Personally- and i am in the biz- it looks like lumber prices will continue upwards. how long or how far is anyones guess. Look out though for rising interest rates- could kill housing.
Canfor is a low cost producer- and lumber prices are not going down for the forseeable time frame. However- to enter at a high- is a tough call as this is not a leverage play- and the opportunity to get burned is fairly high. My crystal ball says we will not hit 20 bucks, but then- what the heck do i know. good luck