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Coal is a much better alternative to oil than all the other alternatives...with oil spiking through the roof this is starting to look good for KOL
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Market Vectors-Coal ETF’s (the Fund) investment objective is to replicate as closely as possible, before fees and expenses, the price and yield performance of the Stowe Coal Index (the Coal Index). Van Eck Associates Corporation is the investment adviser to The Fund. As of December 31, 2007, the Stowe Coal Index consists of the stocks of 60 publicly traded companies. These companies are engaged in the mining and/or transportation of coal, the manufacture of coal mining equipment and the production of clean coal.
The demand for coal around the world is undeniable.
Coal supplies 25% of the world's energy and generates 40% of the world's electricity. Coal also plays a key role in steel production. South Africa, China and Eastern European countries are in developing mode and will continue to demand coal to fuel their growth.
Richard Gibbs, head of the economics unit at Australia's Macquarie Bank, expects the price of thermal coal (used for heating and power) to rise more than 50% in the next year. He expects metallurgical coal (used in steel manufacturing) to hit $150 per metric ton this year.
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China is thriving, and has no reason to reduce consumption of Coal. If there become a way to make Coal less harmful to the environment...watchout.
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Best new ETF
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The emerging market's lightbulb, Coal, continues to outshine. China, India, South Africa.....the list goes on. This etf allows a bet in a extremely fast growing sector, which is still cheaply priced.
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hot right now. hot for few more months till prices cool off
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Given the current environment, coal is an obvious, cheap alternitave to oil. China which up until recently was a net coal exporter is now importing. It is a winner, if a dirty one.
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This is an interesting energy play off of world wide coal demand.
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As we slip deeper into this energy crisis, we Americans will overcome our fear of coal. We will learn to love it.
When the electric / hybrid plug-in cars become mainstream, look out. Demand for coal will soar.
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A big energy source for the US. We will use it if we have to - I hope they clean it up first.
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are you kidding?!! only fund of its kind, given a slow down chinda still grows at 11% if you're conservative... south africa reporting cut back all company power to lowest level due to lack of power, how do all growning countries get power on the cheap? COAL! not to mention all the big coal players are driving prices up through the roof. LOVE THIS ONE!! i like the companies they've chosen as well, JOYG, BTU, CNX,ACI and two china coal companies china coal energy and china shenhua energy.
The demands of emerging economies will also likely increase, and coal is expected to be the most rapid energy growth sector. Such big demand, and the fact that the coal index more than doubled last year, indicates that this ETF could be a money-making prospect
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One of those products with insatiable demand. there will eventually be a backlash and subsequent turn away from coal, but until another cost-effective technology comes along i'm going to ride this
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Demand will continue. Oil through the roof, India and China are going to be using coal for both fuel and steel coking in huge amounts.
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gonna soar with the demand for coal...only fund like it
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