Skip to comments.Coal Stocks Up 30% in one month
Posted on 11/01/2012 9:46:26 AM PDT by Professional
If you look at the major US coal stocks, btu, cnx, anr and aci, the last 30 days have seen a stock surge of 30%.
According to bigcharts.com, coal is the BEST producing stock market industry this last month...
Gee, what happened about 30 days ago?
Tell Intrade to "shove it".
Interesting. You think that’s a market call on the election?
If you limit the availability of coal, the coal available will become more valuable.
Investors are placing bets made upon the returns they anticipate in the future. In other words, they are placing a bet on coal. They are placing a bet on Romney.
I’ll tell you this. It is very folly, and rare, that political investing, or natural disaster investing pays off as intended, in fact I’d say more people lose money that way, than make money.
That said, Coal has gone up a lot while the market has fallen in the last month. The uptick coincides pretty mauch exactly with the first debate, and the momentum of the Romney campaign.
Obama’s war on coal is well known, and highlighted int he repeat of Obama’s word on bankrupting the producers.
If Pennsylvania falls for Obama, it will trace directly back to this.
Yes, I think wall street is building a hedge, or a bet using coal stocks. I would NOT recommend that folks go willy nilly and start buying these stocks now... that is up to you and an advisor to decide.
But, I’ll tell you this, there is far more money at stake there, than at Intrade. And intrade gets press time... but I doubt there are ANY news stories about what I just described. Wouldn’t surprise me though if this is a hot topic on investment message boards. Check yahoo finance for that....
A google search just now, using “coal romney stocks” found a number of investment related stories. It also uncovered this fox news story from a few days ago....