Coal Price Signals Opportunity in Stock Plunge: Chart of the Day
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“Opportunity knocks” in the shares of coal producers because they have fallen far more than the commodity’s price would justify, according to Frank Holmes, chief executive officer of U.S. Global Investors Inc.
The CHART OF THE DAY tracks the performance of the Market Vectors coal exchange-traded fund, run by Van Eck Global, and the IntercontinentalExchange’s Newcastle coal futures for the past two years.