Coal prices seemed to have finally bottomed out. The USA is showing signs that there is still life left in the Coal sector with significant bounces already underway.
If you maintain some patience logic will eventually return to the market, hopefully nudging some of these coal juniors back up to a more respectable level.
Time will tell, but I'm happy to ride out the storm as I believe the worst is behind us and the long term future for coal is still strong.
I hold CCC, PZC and AKM for coal plays. All have been hit very hard but I do expect they will all bounce back in due time. Maybe even see a decent rally if we're lucky.
Good luck guys.
Coal prices seemed to have finally bottomed out. The USA is...
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