One of the best-performing ETFs of the year has been the coal ETF (ticker: KOL). It has pulled back somewhat in recent days, along with the coal futures. However, both appear to be forming a base, perhaps for the next run-up in prices. There appears to be a strong correlation to crude oil and other energy prices with coal.
Thanks for an interesting article that puts perspective on the prices I see on the charts for KOL and coal. From your article, it looks like the market/price outlook for coal is very strong, especially with so many countries limiting coal exports.
My one worry: What if Congress limits domestic production of coal, as it has with oil and nat gas? I guess that means even higher prices, huh?
Submitted by sbenard on Wed, 2008/07/09 - 3:20pm »
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