Thermal coal demand

Discussion in 'Markets & Economies' started by mmm....shiney!, Oct 30, 2020.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Oddjob likes this.
  2. alor

    alor Well-Known Member Silver Stacker

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    “This again reinforces the importance of coal as an Australian export commodity and that it will remain so for many years to come.”

    sure OR not ???
    we have hear such claims many times when things were about to turn for the worst
     
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    lol, you wish you could live in Oz.
     
  4. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    There's so much propaganda and politics, it's not possible to predict how stocks will move in the short to even the medium term. I saw a tweet with an image showing Pelosi reporting huge bets on Tesla, Apple in Dec 2020. The politicians are playing the stock market!
     
  5. alor

    alor Well-Known Member Silver Stacker

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    my dream is to live in NZ with the kiwis lol
    I got kicked by the roos & wombats for 5.5 years there, zee the flies are huge sucking and licking my face
     
  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Jacinda would welcome more commos with open arms.
     
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Ok, Biden has taken over and US coal prices is now record high.

    https://tradingeconomics.com/commodity/coal :D

     
  8. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Still holding on the stock, up 200% and still undervalued. Thinking of selling but it keeps going up.
     
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  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Thermal coal. I just sold half. My gains are nothing compared to some like BTU that went up like 20 times.
     
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  11. alor

    alor Well-Known Member Silver Stacker

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    coal is doing iron ore before, but iron ore has half now since its peak.
    natural gas has been pushed up, so Russian gas import to EU can be limited lol
    with NS2 gas pipes line, Russia can sell all the gas EU ever needs on the cheap than any other unreliable suppliers
     
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  12. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I'm now watching uranium, sold my small stake just before the run up, lost patience after holding for years, but if there's a market correction, it might be an easy play again.
     
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  13. alor

    alor Well-Known Member Silver Stacker

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    Cameco has triple since covid hit in Mar 2020
    compared to its peak, 53+ from here 22.5 potential doubling
     

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