Coal industry is dead.......or will continue to fade....unfortunetly, there are to many liberals in Congress and our White House. PCX is closing mines, that's the wrong direction McFLY..... if you are looking for a long term investment......you are throwing your money away, its just a matter of time.
There was no good reason why PCX went up....unless someone wanted to raise the price so they could short it....earnings sucked, mines closing and outlook is dismal regardless of how many forest fires there are in Australia......what the hell
It appears to me that this was pumped and will be dumped, not sure if the increase in volume was not insiders dumping this BS
Its you money, this is just my humble opinion. On the postive side look at DMND....getting ready to exploded
Six months ago the coal forecast was for big time growth through the year 2035. Now the screwballs are suggesting that coal use will cease. We have found a little natural gas in the US and that will solve the world wide energy problems. Locals are expecting gas to break $1 per gallon soon. Everyone was buying coal company shares last year when coal prices were at record highs. Those who bought were wrong. Soon, coal prices will bottom out. Those who sell will be wrong. Just my opinion!!!