LBTG COAL COULD SPIKE to 2008 HIGHS Thermal prices
Post# of 63663
There's a feeling among investors that thermal coal's best days are behind it. Big consumers such as China and Japan are making an effort to move away from the fuel, leaving little to drive the market.
But reports I'm reading from several parts of the world back up my suspicion that positive things are afoot in the coal sector. Changes in technology and some ground-moving shifts in global consumption patterns could spell better days ahead for these businesses.
I recently explained these shifts in the November issue of my Scarcity & Real Wealth newsletter, but suffice it to say, there's one major reason I think coal stocks could break out of their decade-low trading ranges -- one that could lead to a repeat of the kind of price spikes we saw in 2008.
Simply put, it's because India's coal industry is imploding.
Years of corruption and a bureaucracy as thick as pea soup have hobbled production of the country's mineral riches -- natural gas, iron ore and especially thermal coal.
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