"Given India and China supply surge and effective shift of Russian coal into these two markets, it would seem the downward side of the cycle has arrived much sooner than expected. I initially thought we had another 6-12 months of strong prices and possible SP gains; however, the supply response and mild winter certainly caught me off guard. I cannot complain with a 250% gain over 12 months, but that could have been 400% if I sold 6 weeks earlier."
Good luck Alejandro, am/was in similar position but LUCKILY sold at 10 due to personal unrelated reasons. All above is agreed except belief that mother Nature is predictable and will favour big time hard working miners everywhere at the same time.
Personally started buying a mix of YAL NHC and WHC in small bytes downhill assuming inevitable Asian growth and likely weather related problems.
We all need luck considering darkening political skies everywhere.
Take care all
WHC Price at posting:
$6.73 Sentiment: Buy Disclosure: Held
(20min delay)
