The Market Vectors ETF for coal producing companies (KOL) made a new high this year after consolidating for almost all of 2010. Just another in the risk-on trades. Our short term target is $53. Holdings in this fund include fast-growing Chinese companies, and mining equipment firms, as well as the big American stocks like Peabody (BTU) and Arch (ACI). Detailed holdings are available at Van Eck Global. |
“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.” ― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it