Market Vectors Coal ETF Message Board

supply and demand will kick in with the summers heat...good luck to all suffering longs...at least it's not going down anymore...

One of the weakest sectors in the stock market has been the coal stocks. This important industry group has been declining since April 2011. At that time, the Market Vectors Coal ETF (NYSEARCA:KOL) traded as high as $51.87 a share. Today, the highly followed KOL is trading lower by 0.11 cents to $21.08 a share. KOL has declined by nearly 60.0 percent from its 2011 top. Short term traders must still recognize that this sector is still in a severe down trend on the charts. The KOL will have some daily chart support around the $20.00 level. Short term day traders can watch for intra-day support around the $20.95 level.

Many traders and investors are looking for a bottom in this sector. This has been very difficult as many of the leading coal stocks continue to make new lows on a daily basis. Please understand, this sector is very oversold and short covering bounces will occur from time to time. This sector is very unfavorable due to the current domestic energy policies and a weakening Chinese economy. Demand for coal and coal products has certainly declined recently.

Some leading coal stocks that most traders and investors follow include Peabody Energy Corporation
(NYSE:BTU), Arch Coal Inc (NYSE:ACI), Alpha Natural Resources Inc (NYSE:ANR), and Walter Energy Inc (NYSE:WLT). All of these leading coal stocks remain in a downtrend at this time. Sometimes when stock sectors decline so sharply it is better to wait for a confirmed reversal before trying to pick the low in the industry group.

Nicholas Santiago
InTheMoneyStocks

Sentiment: Sell

Look at 2008 low .... yes folks it can easily revisit the $10-$12 area.

I will give up...everything is going right for the sector finally except buyers stepping back in...feels like everyone is tip toeing due to terrible price action...we should be up huge by now...yet every coal stock trading like it's 2009 ...they have all recapitized, pricing higher, production reduced, nat forcing electric companies back to coal....if this isn't the buy of the yr then I give up on wall st......

This is the easiest buy in my lifetime.

The March 2013 Scientific American has an article on China and Coal with the following:

1. China will burn 4 Billion tons of coal by 2015 (For comparison in 2012 total US coal production is 1 Billion tons with 113 million tons exported). China will continue to burn coal for 75% of electricity production.

2. The China Energy Research Institute (ERI) is recommending that China should import coal for the Southeast (880 million tons of coal in 2015) because transporting coal from the Northwest mines to the Southeast over thousands of miles via rail is costly, ties up the railroad network, and causes pollution.

Since China is a command economy, this is a significant policy statement for the future direction of China imports. Transportation of coal is a major source of pollution and China wants to keep coal reserves for future energy security.

If China imports 600 million tons of coal by 2015, there will be an impact on coal markets and prices.

Three of the six coal company stocks that I follow traded at multi year lows today (ANR, WLT and CLF).
Natural gas has had a big move up recently. Hasn't helped coal stocks. No good news in sight for coal shares. Going much lower.

hard to believe, last yr at least you got movement..this yr..just sellers..everywhere

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