Copper Fox Metals Inc.

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM Copper Fox Metals is a Canadian-based resource company focused on developing the world-class Schaft Creek Project in northwestern British Columbia.

Home Videos Research Press Release Q&A Discussion

Threads Posts

Re: Bottom

almost 9 years ago

in response to TMO78's message

It looks like we are close to the bottom with 3.27 million traded so far of TCK.B shares.

Maybe market sentiment is improving.....just maybe?

Tck.b is tracking oil lately and with every one of their other commodities continuing their price dives, Teck is in no shape to make big moves. Keep your eye on the price of oil.

Word today is that Russia will join the race to pump out the most oil possible -- they are desperately dependent on their oil revenues. Iran has been indicating that they will open the taps wide open. The market is already glutted. And the Saudi's are not only addicted to their oil revenues, they know that they are the world's low-cost producer who can and may sell their oil at way lower prices , down enough to choke off higher cost suppliers. No one is blinking so far so this market share fight might get really, really ugly.

If no one blinks, imo, a new world of low $20's oil could be in store.

Its just to show you that you never know exactly what the future has in store. 10 years ago "Peak Oil" was the concensus and $200 oil was coming, for sure.

JMHO