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Monday, October 10, 2016

Coal Prices

Coal prices has gone up 400% since Jan 16 causing Coal stocks like Geo Energy to rally. One big reason for the rally is China supply side reform which the chinese government mandated the reduction of  working days for miners . The reform has resulted in the decline in production faster than the decline in demand. Coal and coal stock is expected to continue trending up till the end of the year. This blog stay bullish on Geo Energy until its quarterly result which will be due next month.
All posts and charts are for educational and illustration purposes only

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