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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: quehubo who wrote (177554)3/31/2013 8:13:59 AM
From: Ed Ajootian1 Recommendation  Read Replies (2) of 206161
 
que, Sweet & Bridge, the bottom line to me on coal switching is that, so far, with the move from last year's lows back up to $4, coal production has come back up with a vengeance. This is best illustrated by the following chart taken from a newsletter on the firstenercastfinancial.com website:

[could not copy it, see page 7 of firstenercastfinancial.com .]

There's no question in my mind that natty prices will rise at some point in the future, but it seems most unlikely that that point will be this year. For natty prices to rise we need to see increases in demand or reductions in supply, neither of which appear very likely to happen this year.

Last fill season we had the "perfect storm" of demand for natty, a very hot summer and very low natty prices, neither of which are expected this fill season.
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