GDX - Gold Stocks
SLX - Steel Stocks
MOO - Ag Stocks
KOL - Coal Stocks
OIH - Driller Stocks
XLE - Energy Stocks
A couple of weeks of wax on - wax off. Into commodity stocks - out of commodity stocks. I did a good job of picking the pullbacks/ breakouts for Ags, Coal and Steel. I seem to have no clue with any of the oil area right now. I am very concerned the oil market is going to go insane and then crash. I have hard time believing the move in Oil is nothing more than mass speculation where we will have blow off top and fall back like the Grains and Gold. 
5 Comments:
I'm thinking the same thing regarding oil. Parabolic moves up usually end with equally dramatic moves down. A blow off top is coming, but it could be another $10 to $20 higher, or more, from here.
My question for you is what country is using the coal? I am assuming it is China. If so, would there be a play in the railroad stocks? I have visited the western areas of Virginia where coal is being mined and the trains run every hour on the hour 24 hours a day in and out of the mine areas.
here is some good info - I put the wrong post on the last comment.
http://www.worldcoal.org/assets_cm/files/PDF/globalcoalmarket.pdf
Thanks Denarii!
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