Fear and greed, as they say! I have 10% of my portfolio in coal so this is painful, but at the moment coal companies are making money hand over fist. The coal price is down slightly, obviously as a previous poster said a recession in the US is likely and investors are adjusting their portfolio accordingly. No doubt the financial media will engineer a reason for the fall, but often share prices fall because they are falling i.e. speculators trading the trend. Still the coal price will have to fall a fair bit to justify the SP falls we are seeing today. Perhaps the speculators are correct and the coal price heads below $200 USD per ton. For reference the current price is about $389 per ton and fell 1.5% since last trading.
https://tradingeconomics.com/commodity/coal (reference)
Fear and greed, as they say! I have 10% of my portfolio in coal...
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Last
$4.96 |
Change
0.090(1.85%) |
Mkt cap ! $4.192B | |||
| Open | High | Low | Value | Volume |
| $4.84 | $4.96 | $4.82 | $5.596M | 1.136M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 715 | $4.94 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.97 | 7488 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| NHC (ASX) Chart |