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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: XoFruitCake who wrote (28711)1/3/2004 3:15:56 PM
From: t4texas  Read Replies (1) of 206212
 
i found the coals via my trusty charts about a quarter ago. then i checked a couple of recent coal earnings press releases, and they used words/phrases similar to palmer's at rdc back in early 1999. then i scoped out coal futures prices. sounded like a gift to me. you don't want to buy these things when they are making a lot of money. when they are making a lot of money, you want to be selling that heavy load to happy, shiny buyers who got their tip from some saturday tv stock jock show. then you can trade them a bit if you still have the itch to chance the momentum play.

here is a weekly chart of the current coal futures contract.

futuresource.com

recent fundamental comments from a couple of long time coal guys

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