Coal Stocks Grinding Higher at Next Big Trade. KOL, however, represents international coal and is a function of China.
Coal’s share of global energy mix to continue rising, with coal closing in on oil as world’s top energy source by 2017 at the IEA. Chinese Market Reforms Impact Coal Markets (Coal Investing News). US coal production down 6.9% in 2012 (Platts).
“Demand for coal is increasing in every region of the world except the U.S. Coal production may approach oil output by 2017.” Business Week
Natural Resource Partners’ Distribution Safe, Yield 11.5%! by Peter Epstein.
An extensive 2013 Outlook & Forecast by Kiron Sarkar
GOLD – BOTTOM FISHING OR LOST WRECKAGE by Greg Schnell. Yesterday the metals held up but the gold stocks were down. We’ll see what today brings but in the pre-market precious metals are strong.
“This is all the more reason to doubt the Fed will ever stop buying government debt.” Iacono Research
Silver seasonal chart.