Coal Stocks Steam Ahead

mattduke · Light Sweet Crude Joined: Oct 28, 2005 Posts: 1362

Back to the future, with coal. There's an ETF too: KOL.

No link.

MrBill · Expert Joined: Sep 15, 2005 Posts: 5394 Location: Eurasia

What's going on here? High costs catching up to margins? Or a drop off in demand due to a cooling economy? A precursor for oil prices in H2'08?

Micki · Posted: Thu Jul 03, 2008 4:02 am Post subject: Re: Coal Stocks Steam Ahead

Hammering of coal stocks continued in Australia today (Thursday).
Oil still looking strong. I would expect a drop after ECB's rate announcement. I'm pretty sure the price already has a rate hike built in and although I generally think a rate hike for now is oil bullish through Euro strengthening more than it is bearish by slowing the economy, $150 seems like a nice round number to get a pullback from. So personally I wouldn't get into oil or coal stocks for that matter right now.
I am however tempted by Uranium miners again. Maybe one more little pullback or higher price at next uranium auction and I get in for a longer term play.
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