Coal was the long unquestioned king in the US power industry. However, cleaner and cheaper gas is catching up. Has Old King Coal lose its shine?
The Stowe Global Coal IndexSM (COAL) is a composite equity index designed to serve as an equity benchmark for globally traded stocks, which are principally engaged in the coal industry. COAL predominantly comprises public companies engaged in Coal Mining and Production. In addition, a limited number of companies engaged in Coal Mining Equipment Manufacturing, Coal Transportation, and Coal Technology (e.g. Coal-to-liquid) are also included. For information, Sakari resources is one of the 30 stocks used to calcuate the index. http://stowe.snetglobalindexes.com/pdf/coal-indexInsights.pdf
At this conjucture, a move below 3237 may see further weakness in the Index, testing the lower bound of the Andrew's Pitchfork. While investors are re-assessing the next step for Eurpoean and the US Economy, the announcement of any ......
