Whoa Heavy METAL!!!
The TSX has been very generous to its IPO’s of late. If you thought Timmie’s was a hot commodity…
The “new” Stelco shares were originally issued at $5.50 (when they were in bankruptcy protection). They traded $15 up to $19 today! Well METALS will be all the more valuable in the coming months. Steel, Silver, Copper, and of course GOLD…
Gold is starting to soar again and if the latest USD/CAD FX yo-yo is any indication it’s going to be an interesting summer. Futures at almost US$600! Kind of bearish signal since people often flight to Gold when they feel there is a risk of the R-word (scary!!!) The C$ might overheat again (although we are sitting in a more “comfortable” range for Canadian manufacturers that is.
Praying that this Hurricane season is tame, there is no War in IRAN despite the saber rattling, and less fighting in IRAQ and Afganistan. One can only hope…
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gold is not just soaring, it’s phenomenal. reached the seventh sky already it seems.
Speaking of the manufacturers I wait and see what home grown Celestica is going to post for their first quarter… from what I here they did ok, and their stock has been floating around and just above $13.00 rather than the 12 mark.. not much of an increase, but for this restructuring happy company it’s somewhat of a move up.