24.09.2013 - Coal ETF rally in danger on waning Chinese demand

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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