ANR, daily
BTU, daily
Summary
Suffice to say, the broader down trend continues, whilst the main market is still broadly headed higher.
With the US Govt' still on a 'we hate coal' policy framework, the miners are facing huge resistance.
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I remain concerned that ANR will not survive in the longer term, although the lower the price goes... a hostile takeover becomes an increasing possibility.
*I have no positions in any of the miners, and would only consider getting involved after the main market has seen a multi-month down wave - which itself does not seem likely until next year.
