Commodities are screaming deflation. There is a worldwide slow down happening right now. FLR which is a much better company then BTU has dropped 25% in just 2 weeks. Looks like a round trip for BTU back to the 2008 low. The rest of the market won't be able to ignore what's happening too much longer.
Nice to see you post here again oj. So many think it will be inflation that creates drives materials higher, is interesting to see the opposing view. I presume being short commodities would be one strategy for protection. What else should work in that scenario?
Can BTU hold $19? It's tried a few times now to try and push through. Looks like it's trying to hold it's ground. I know a slowdown is happening, but Coal has already been completely destroyed the last few years. It has to be priced in already...doesn't it?