Well it looks to me that Trump has decided to reverse course and has backed down on trying to intimidate the Chinese and also backed down on sacking the Fed Chair. So China didn't need to use the big gun of selling off US debt as I think Trump got the message, so market crash averted for now and I fully expect Trump to wind back his tariffs on China and we may see some normality return to markets. Now this is the better scenario for WHC holders , but don't be surprised if the coal price drops a little in the short term. And I will now resume my buy rating on WHC as I feel that coal will continue to increase in price over the long term My other scenario is never off the table as you can never say that Trump won't do something to piss off the Chinese. And Trump will declare a negotiation win and China might just allow him to save face by offering him minimal concessions but trust me they will not be a win.
Christopher
WHC Price at posting:
$4.78 Sentiment: Buy Disclosure: Held
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