ANR, daily
BTU, daily
Summary
The miners remain the sector I have the most respect for. The extract useful and important resources, which the world - with an ever increasing population, increasingly needs.
Yet, they are without doubt the worse performers in market land.
Lets not forget that in 2008, many of the miners lost 90% in stock value. Despite the main market rising - and close to recent highs, many miners are generally -30/40% from the highs in late 2011 - which was just a few months after commodities made their highs.
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Both ANR and BTU are surely going to be okay for the longer term, but they are seriously suffering in the weak western economies, and both are currently making losses.
As things are, there is still stock price weakness in the near term, and if the lows from last summer are taken out, many of the mining stocks will see their 2008 lows challenged, even those that are currently able to make a profit.
