coal prices keep rising and the fundamental demand remains strong for both oil and coal. I can't see this changing even with the predicted slow down in the US. RIO boss mentioned this again this morning in the Herald. The turn around in Riversdale on friday was spectacular and even expected market weakness did not slow it down. Maybe it will keep going this week? the funds have to buy stocks and its now a real stock pickers party. dyor as volatility is still the name of the game short term. I am looking 6-12 months out for the full re rate.
coal prices keep rising and the fundamental demand remains...
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