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 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  
    • Ok folks , let's be honest here .  I am pretty sick of all the BS that goes around forums and youtube people claiming they are making millions  when the reality is they are sitting at home in their pants frantically checking IG every 3 seconds to see if the hole they dug themselves into getting any smaller. Up 50 quid and all of a sudden they are trading experts or nostradamus. Me: Up 15% on my share dealing but in reality its because its a bull market and I bought months ago. Spread Betting is about £1500 loss in 2 months  mainly because I am more wrong that right, rather than foolish trading. Although I did have a massive c@ck up by leaving a position open overnight and losing 900 in one go). Learnt what a guaranteed stop is after that!  My aim is just to break even by Christmas, learn a lot and by then assess if I can make a modest living from Swing / Day trading. I can dedicate  most of time to this as I am not working now.  Modest being 20% annually At this stage I am doubtful. I have read a lot, made a pile of notes but I am convinced most is just hot air /fluff, authors cherry picking charts and rehashing ago old indicators to show that they are experts, or **** out their training courses Still I will pursue it  for the next 6 months and make a final decision. At least now I am sensible with stops, never more that 1% on a trade and no more losses than 5% of current portfolio a month. Thus max possible loss is 26% in 6 months 
×
×