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sierra

10,702 Posts.

08/06/18

13:35

Post #: 33595984
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Originally posted by RBradley1980 ↑

As much as I'm sure RamblingsDC is an honest and unbiased purveyor of information, I would just like to use this opportunity to present the counter-argument.

Seaborne coal prices are up due to an unexpected increase in demand out of China, India, South Korea and Japan. The Newcastle Index is close to 5 Year highs and Australian and Indonesian producers are operating at or near capacity which is allowing the US and Russia to bridge the gap between supply and demand.

https://www.reuters.com/article/col...ias-top-buyers-russell-idUSL3N1T92AJ?rpc=401&

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That's great!
You have an opportunity to get out of coal while it's making a lower top, as it continues to trend down.
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