Pay attention to the resistance levels: $28.61, $29.28, $30.45
Run: seldom have I ever encountered an industry where both the "long term will be O.K." and the "long term will be a disaster" seemed equally persuasive to me. And the articles are being written by professionals who know the coal industry. Both camps seem to make excellent cases for their position. I usually know when camps are just touting their position for a short term bounce or drop, but they both make compelling cases for the long term future of coal.
If either camp would have been right, they would not be doing statistical analysis (Anthony) or "yeah, he said that but I believe otherwise" (Santos), they would be retired hiking the outback in Australia for fun for sure.
Citi says "go - go - go", others say hold, Cramer says no comment (thinks it will go lower).
I believe the consumer, they drive the bus. Forward statements from BTU, ANR and Arch should tell us something. They plan for 1.5+ years out. Between now and then is already known. That is why ANR bought MEE and ACI bought ICO ... MET is the future, seabourne MET makes the money.