Jump to content
Sign in to follow this  

Coal beats gold (and other commodities) amid coronavirus gloom

Recommended Posts

Posted (edited)
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

Share this post


Link to post
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

Share this post


Link to post

11 - 50 clients are trading iron ore.

No option for coal.

Limited range of 'options' in general.

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      11,528
    • Total Posts
      58,711
    • Total Members
      77,747
    Newest Member
    Kyle20
    Joined 13/07/20 15:45
  • Posts

    • I empathise, trading is emotional.
    • I found a really good trade / market, waited until 2.30 when it opened to place the trade. Immediately placed the trade, then straight after I noticed the spread split had been increased to 10... I was p*ssed, I was in £112 deficit immediately. I'm going to wait it out, it must become a good trade, maybe that's why the commissions become high?... I hope so anyway.
    • Hi Can anyone please explain how I can place a limit trade out of hours. Nabtrade let me do it, but I cant figure IG out. cheers, Jimmy  
×
×