A Liebherr mining truck at dusk at Peabody’s North Antelope Rochelle Mine in the Powder River Basin of Wyoming (photo via Peabody).
(more…)Turns Out The World Still Needs Coal
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
Not-So-Transitory Inflation
A typical couple enjoying their (presumably) debt-financed breakfast in bed (image via Affirm).
(more…)It’s Not Just Copper
Copper makes the headlines, but GYX has been bullish all along; gold awaits its time as the message from metals land is bullish, risk ‘on’ and cyclical
While copper went through its correction we have been noting each week in NFTRH that the Industrial Metals index, GYX had never aborted its bullish stance. Trends remained up and the index price held the SMA 50’s intermediate trend all the while copper (CPER, which I hold, in lower panel) worked through its summer correction.
The Industrial Metals are a primary indicator of cyclical inflation and by extension, economic reflation.
Coal Gaining Headlines
Stagflation, Coal style
My definition of Stagflation is ‘inflation that works to impair the economy’ (as opposed to appearing as a benefit as it does early on) and the problem is gaining momentum in India (and China).
China isn’t the only huge Asian economy with a coal shortage now
I usually make fun of MSM sources like CNBC (MarketWatch, etc.) with their dumb, herd scattering, eyeball harvesting headlines. But this stuff is real. Per this post on my coal holding BTU…
“I know as much about coal for energy and steel making as I do about nuclear thermal propulsion. That is, basically nothing.”
Well, now I know more. Every once in a while men who stare at charts…
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