Jump to content

Coal beats gold (and other commodities) amid coronavirus gloom


dmedin

Recommended Posts

Quote

Coal’s image is increasingly that of a pariah fuel, demonised by environmentalists and shunned by investors wary of its role in climate change.

But one of the top performing commodities this year is coking coal, the higher-quality fuel used to make steel.

https://uk.reuters.com/article/uk-column-russell-coal-gold/column-coal-beats-gold-amid-coronavirus-gloom-idUKKBN2141GH

 

At times like these we could all be doing with some c0ke.

Edited by dmedin
Link to comment
Quote

But iron ore, steel and coking coal are pricing on the basis that a massive infrastructure and construction programme is coming, maybe even bigger than the 4 trillion yuan ($566 billion) package announced in the wake of 2008 global financial crisis.

https://uk.reuters.com/article/uk-column-russell-ironore-china/column-are-resilient-iron-ore-steel-and-coking-coal-having-a-wile-e-coyote-moment-idUKKBN2161N0

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      21,641
    • Total Posts
      91,937
    • Total Members
      41,931
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    jjg
    Joined 27/03/23 16:31
  • Posts

    • Look Ahead to 28/3/23: Australia retail sales; Ocado, Walgreens Boots Alliance, Micron results Earnings take centre stage on Tuesday with results from Micron Technologies, Walgreens Boots Alliance, Ocado, and Bellway. Watch AUD/USD ahead of Australian retail sales data. Angeline Ong | Presenter, Analyst and Content Editor, London | Publication date: Monday 27 March 2023              
    • #EURUSD: Peculiar PatternI spotted a cup & handle pattern on ⚠️EURUSD on 1H time frame.1.0777 - 1.0783 is its neckline.If the price breaks and closes above that, I will expect a bullish movement.Goals will be 1.0843 / 1.0894If the price sets a new low, the pattern will become invalid.
    • Joshua, where next with this trade, have you closed your position following the continued slide since 13th March?
×
×
  • Create New...