BTU - coal sector destruction.. continues

With the main US equity market seeing renewed weakness, the coal miners were back on the slide. Peabody Energy (BTU) settled lower by an extreme -9.3% @ $10.23. The $10 threshold looks set to be lost.. opening up the $5 low from 2003.


BTU, daily

BTU, monthly

Summary

Little to add from posts across the past few months.

Coal miners... .and Gold/Silver miners look set to continue falling into next year.
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In the case of BTU.. I'd guess it will again by cut in half. I follow the company... and unlike Arch Coal, Walter Energy, or Alpha Natural Resources, I have little concern about the viability of BTU lasting across the longer term.