"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, May 5, 2009

KOL - Elephant stampede

KOL, the coal ETF was one of our commodity rotation ideas (at 15.99), along with Uranium and Palladium in NFTRH28. This after the hedgies had trampled into copper, as expected. We all know the U's have exploded nicely, but Palladium is rather limp, although miners SWC and PAL are doing okay and look constructive.

Anyway, if yours truly had been in a commodity speculating mood and bought KOL around 16 bucks, he would be selling right about now. You know what they say about piggies...