as long as NG furtures hold you may have a chance.....up .06 right now... we shall see
I know it's crazy...LOL....I cant wait to see the boards when this european crisis rears it's head again......and when the fed begins to hint to raise rates and there are already fomc memebrs who want the easing to stop whooooooo hooo look out ...market will bleed bad...but vlad's followers will follow him....he will chart...just like he does everyday...the crying will start and the blame game will begin.....
sooo you think a decline of 2 million is heavy...when the short ratio is still 31.91 million 16.6 % and unless you have data as of march 15, 2013....I kindly ask you to keep buying LOL
Read the article carefully.....it would allow them to write a seperate standard for coal fired plants which cause twice the amount of emmissions than naturag gas.... meaning they will hammer coal fired plants and rewrite the standard for naturas gas....remember obama is pro alternate energy...he is already looking to congrees for a huge alternate energy fund.....this is negative for coal...how can u see this as positive
Check out the article from bloomberg tonight.....saw it over on ACI Headlines Board surprised it's not here....whoaaaaa coal is going to suffer bad..............jimtorpet...go read it you'll love it....
Yes i agree with everthing you said jimtorpet.......I am short as well but I am just trying to be respectfull of vlad even though i think he is wrong.......you konw it scares me when you have a lot of analysts in this market including jim cramer saying buy buy buy ...of course on select stocks and saying this is going higher.....and then something happens.....and the plug gets pulled... I am not buying this market ralley......the china import numbers were way down.....this incudes commodities such as coal!!
Yes a secondary will give it a very swift kick to the downside!!! going to keep my short longer term or until it gives me a reason to cover.....and vlad if your reading this even low 9's wont be a reason to cover
I am not here to bash the longs are create any hostility but I do agree with with Jimtorpet.....When ANR first released there earnings and the SP spiked I made a comment of how it would not last but alas I was called names...well what happenned??? the SP pulled way back and did break it's uptrend...Now with the recent spike you can e xpect the same thing. The underlying fundementals and economic conditions for coals will certainly cause major financial pains for ANR yes they have cash...and are doing the best they can to survive but will it be enough???? how long will this last and believe me with all the partying going on ...on wall street with daily headlines new highs ....record broken again and again....someone is going to get burned real quick here......and when the fed HAS to raise rates Look out!!! ..I think the DJIA will be at or below 13500 before the end of the year......the easy money has been made and the party will end......we all have an opinion whether long or short....I believe the SP declines all year with temp spikes....I am short here
Agriculture and Natural Resources.
The agricultural sector remained strong, while energy production declined slightly. Results of our most recent agricultural survey indicated that farmland values were above both the previous quarter and year-ago levels. In addition, most contacts noted that 2012 was one of the best years that farmers have ever had; they indicated that higher commodity prices had resulted in stronger cash positions. Several forestry contacts reported a pickup in lumber prices due to the uptick in the housing sector.
Although conventional oil and natural gas production fell slightly since our last report, the rig count held steady in West Virginia. Coal production continued to fall, due to declining prices for natural gas and stricter environmental regulations. A manufacturer of equipment used in the coal extraction process pointed out that while the environment in the coal mining industry had been challenging, there is tremendous growth potential for coal producers in the global market, particularly in sales to China, India, and Germany. Another source stated that coal exports were up and that a coal operator who had never sold overseas before had thirty percent of sales in export markets
European coal for next year dropped to a record as supply from Colombia may be boosted after an accord between striking workers and management at the nation’s largest mine.
Thermal coal for delivery in 2014 to Amsterdam, Rotterdam or Antwerp fell as much as 0.6 percent to $95.50 a metric ton, the lowest level since the contract started trading in January 2010, according to broker data compiled by Bloomberg. It was at $95.55 at 12:29 p.m. in London.
Striking workers at Colombia’s Cerrejon mine show a “certain tendency toward approving” an agreement reached between union leaders and management on March 4, Sintracarbon union spokeswoman Luz Maria Tobon said in a phone interview. The country exported 79.4 million tons of coal last year, of which 55 percent went to European Union countries, according to Michael Hsueh, a London-based analyst at Deutsche Bank AG.
Rio Tinto Group (RIO) was set to resume operations at its Benga mine in Mozambique after reopening a rail line to a sea port shut since Feb. 20 due to rain damage, Eqstra Holding Ltd. said in a statement.
A recent weakening of the euro against the dollar has also contributed to falling coal prices, according to Paolo Coghe, a Paris-based analyst at Societe Generale SA. The euro has lost 4 percent against the greenback since Jan. 31.
“In the current environment characterized by low demand, any real or perceived increase in supply is going to impact prices negatively