Teck Cominco

I’ve been wanting to get into some materials for some time, but they have been rather expensive since people have been moving away from the dollar to gold. Recently the price of gold has gone down, so it might be the time to take another look. I wanted to find a company that mined Indium since it is used as a transparent conductor in LCDs and solar panels. It’s also a very expensive and rare metal. My search brought me to Teck Cominco (TCK), which also mines Cu, Zn, Mo, Pb, and Ge. Copper is in high demand and Germanium might seen an increased in demand as silicon germanium computer chips become mainstream. To top it off, Teck Cominco is also an Canadian company, which also satisfies my need to reach into international markets. The only thing is the price. It hit its low of around 27.06 in January, but is back up to 47.08 now. Hindsight is always 20/20, so will the price still go up or am I out of luck?  The future prospects look very good, but I’m not sure it is the best deal out there.

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2 Responses to Teck Cominco

  1. bumpstart says:

    are we sitting on a commodity bubble right now?

  2. haystackfarmer says:

    You bring up a good point because we all remember the .com bubble, and then more recently we had the housing bubble. Now we may have an energy bubble and I wouldn’t be surprised to see a lot of these commodity prices drop flat on their face. Sure we’re going to have demand for oil, corn, and metals, but there is a difference between commodity prices being competitively priced or just majorly inflated (like the home prices even though we all know land in scarce). Right now there is a ridiculous amount of speculation in commodities. I see short term downside instead of upside. Some analysts have been mentioning $180 oil in the near future….I think that is going overboard.

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