Thanks for your interesting feedback

When I said "We are near the last low in coal price", I mean the last previous bottom of the commodity price
[ Market Vectors Coal ETF (KOL) : last bottom ( nov 2008: ~ 11$) / we are now at ~ 13,7 $ from > 50$ ]

But anyway, you read my mind since I wonder if t
here is not a clear possibility for a natural gas price increase within a few month that will open a new era for coal. Why ?
I can help myself to notice that nat gas rings count are very low on a historical perspective.
The depletion rate of nat gas wells is at about 50% the first years so adjustment can be fast...
After the nat gas hype and the current fracking oil shake, financiers will be more cautious and the flow of money will dry up in the sector...


rings.jpg Ring_shortterm.jpg


Nevertheless, the timing is critical and always difficult to master...
It is probably more cautious to see first evidence of price increase, indeed...


Quote Originally Posted by Raz View Post
Anything that's cheap for a clear reason can always get cheaper.


It has always to be reminded...