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Coal ETF rally in danger on waning Chinese demand

Posted on 24 September 2013

For the most part, 2013 has been a glum year for coal stocks, but the Market Vectors Coal ETF (KOL) has been a strong performer since early August.
That is when KOL found support around $17.50, making a double bottom formation in the process. KOL has gained 10.2 percent since August 1, which is great, but the $177.3 million ETF is still down 23 percent year-to-date, a decline that puts the fund firmly in bear market territory…………………………………..Full Article: Source


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VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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