Compare a long term graph of any coal stock with CLF and see which one has the potential to go up the most.
FP, CLF may pull back to 25 or 24, but I seriously doubt any lower. Iron ore and Met coal prices are continuing to rise. You may want to buy a starter position if it drops to 25, and buy more if it goes lower. There's still potential for more short squeezing.
GL and Cheers
FP, don't let that psycho russian hotairhead get to you. He does that to everyone who calls him out on his BS. He says one thing one day and a completly different thing another. When DGAZ was 20, he was telling everyone to hold. When GASL was 30, he was saying he was shorting it. He is so full of it, I can't believe half the posters don't have him on ignore!
Compare their 5 year chart. CLF goes up more as a percentage and down more. Tha'ts why its best to buy CLF over many bigger miners when they are near the bottom.
Went to a meeting and got stopped out with a 25 cent loss. Will probably try again tomorrow or thursday it breaches 3.50
Good Question Beth, lol. I wish there was a good COT chart for Iron ore. I bet it would show the commercials being long.
W999surf, I ment, I wish they would expand into the natural gas business while prices are cheap. Natural Gas is a natural resource and would go well with their business model.
Demand should pick up here in the US, also, as low natural gas prices attract even more steel companies to move here and US companies get more orders for Ships/Turbines/Piping/and other things that use large amounts of steel. I just wish CLF could pick up a good Natural Gas play, since they are so cheap right now.
Eskimo, you are in the right place at the right time.Congrats. This conversion activity is just beginning to snowball IMO. How much longer before you think most have converted in your area?
Looks like the commercial traders are selling treasuries on the 30 yr cot report. Hey JS, you know miners, so if you get a chance could you look at GSR.V and tell me what you think? It's a beaten up junior miner that could be a multibagger over the long run. 10X to 20X maybe even.