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Re: Buy Coal and Uranium?
Posted: Mon Apr 10, 2017 9:19 am
by tylerrr
so it looks like most of you guys were wrong on coal.
Could have almost doubled your money on KOL from mid 2016 to now.
Re: Buy Coal and Uranium?
Posted: Mon Apr 10, 2017 12:32 pm
by Chad
Yep, KOL slowly and steadily crept upward. Never 100% correct on predictions. Though, I'm still happy with the train of logic behind the prediction, as it still holds up. I would sell now if I owned any coal assets, as I don't see a light at the end of the tunnel for coal. The show by Trump a week or two ago with coal regulations is just lipstick on a pig and has provided a little boost to KOL. The industry will be in steady decline for a long time, as old coal electric plants are mostly being closed for some other form of electric generation (natural gas being the most popular). Coal is more of a tradable asset class now than a long-term investment.
https://morningconsult.com/2016/05/03/c ... ower-plan/
China is pulling back too:
http://energydesk.greenpeace.org/2016/1 ... er-plants/
Britain to close all coal plants:
https://www.theguardian.com/environment ... se-by-2025