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Coal ETF may finally be turning higher

Posted on 13 August 2013

The Market Vectors Coal has plunged 28 percent this, making it one of the worst-performing non-leveraged sector ETFs. Demand for coal from China, India and other developing nations, previously one of the catalysts that sparked KOL higher, has not helped the ETF this year. Nor have low natural gas prices that have made that cleaner-burning commodity more attractive to U.S. electric utilities.
Investors may want to readjust their view of KOL because the fund is up 3.8% in the past week, with the bulk of those gains being accrued last Thursday and Friday………………………………………..Full Article: Source


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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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