I know what you mean about the coal stocks. Lots of COK over here and some YAL. The two dummies up top told me coal was doing so well that they needed to be taxed more heavily, so I go and figure if the world's best treasurer is telling me that a sector is flying then I should sit and listen.
Hottie, the only way I see those gaps closing is through a capital return to shareholders. I'm guessing the media and the people are realising that they've been sold a con by Credit Suisse and co and their incessant babble about the end of China. Credit Suisse are probably in deep cuckoo with all the Iron ore Swaps they sold to the market in September (apparently record sales month of 18mt at the market bottom, if they haven't been making a market on the long side, then that's a position that's already under $1.3b - they'll say anything to reverse those losses).
AGO Price at posting:
$1.61 Sentiment: Buy Disclosure: Held
