RE: Coal dropping, South Africa in pieces30 May 2023 13:25
Well said RetiredBanker. We can apply Terry's negative thinking to all markets. Like the Russia Ukraine war could escalate or another bank might go burst which can start a market sell off. The US debt ceiling another pandemic and more lockdowns. Dollar has got stronger over the last few weeks which always has an effect on commodities. The questions to ask are, how much coal is the world burning ? Is the demand for coal going down or up ? How low can coal go before it bounces up?