$Golden Energy (AUE.SG)$$Geo Energy Res (RE4.SG)$ Newcastle ...
Newcastle coal futures dipped below the USD350 per tonne mark, a level not seen since early May and down more than 20% from their Sep record peak, amid signs that supplies will be adequate to meet winter demand in Asia and Europe. The European ban on coal imports from Russia as part of sanctions for its invasion of Ukraine gave other producers, particularly South Africa, an incentive to boost production and exports. On top of that, top consumer China vowed to raise coal production capacity this year by 300 m tonnes, which is about equivalent to the amount of coal China usually imports yearly. Still, coal prices should remain elevated in the medium and long term, supported by robust demand. The International Energy Agency sees global coal demand growing by roughly 1% from 2021 to about 8 b tonnes this year, matching its all-time peak in 2013.
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Giovanni Ayala : @SpyderCallHow's your Night
SpyderCall Giovanni Ayala : chillin chillin. everything is good. thank you for asking. I hope all is well with you also Gio![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
bullrider_21 OP : Support for GEAR is around 0.73. Resistance is around 0.815 and 0.85.
LEng LEng : Time to pick up $Golden Energy (AUE.SG)$ ?
Giovanni Ayala SpyderCall : Yeah I'm doing superb. Been at my shop working on cars to sell. Getting a street bike soon. Traded my Sports package X5 For it
SpyderCall Giovanni Ayala : but I must say as for coal companies, the commodity for Cole should be way more expensive than it is now. it's the easiest form of energy and it is more abundant then oil or any other form of energy. I am surprised that Cole is not worth more money. it should be worth more money. so keep on coal it starts trending up then it's a good investment but right now it's kind of being held down for some strange reason that I do not know about.
SpyderCall Giovanni Ayala : please forgive me for any grammatical errors because I am using speech to text. I use this all the time and I always have errors. so forgive me, but if you know what I mean then it's all good. I'm only saying this because some people get really upset when you have misspelled words or incorrect grammar, like that matters in stock trading
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