Target $18.72, page-10654

1. Buy low, sell high. Sell high, buy low.
They are not in the business of holding, they're in the business of making money for themselves and clients.

2. Correct, a few days of price increase from a low base doesn't mean it will continue to rise. The major problem in my view for met coal is that China is now a net exporter and likely to be for sometime yet. India might be the only saving grace to met coal in the short to medium term.

3. You can look at Nov, Dec, Jan. They all fall and rise generally in line with each other.

Did you know that during the GFC China's stimulus package was around 11% of their GDP. Thermal coal went from around $60 to $180 in less than a year and like all things that go sky high they generally then fall off a cliff. And that's what happened then.

Anyone know what happened to met coal during that time? The opposite. Today are 10 times worse economic world conditions.

Today their recent stimulus package accounts for around 1.5% at most.

Now did I say in an earlier post that the stimulus package for growth was not enough?
China is going sideways for years unless they bring out the bazookas and that's a lot.

We might want to get the above fact checked by the resident expert.