I told you folks to sell this position and start buying gold and oil on the dips. Also, you need to be shorting the dollar because the FED is diluting it on a daily basis, and the USA is no longer a producer, just a bunch of broke consumers living on credit. Judgement day is coming, so come to Christ before you are condemed to the Eternal Lake of Fire, which burneth forever and ever......
IMF recently raised the world growth figures from high 3's to low 4's. More growth means more power and developing nations still need coal and will continue to need coal for the next 30 plus years.
Not to mention, I remember when oil was in the 60's and people said around this time it would be back into the 40's - wrong! Those who preach the demise of coal are as big of fools as those who preached that oil would be in the 40's in 2008.
Coal is Gold baby. Let's keep digging, shipping and producing power with it. Go carbon emissions! Makes for milder winters and longer summers. Who can argue with the positives of carbon emissions?