To say the past 2½ years have been great for coal stocks would be an understatement. After hitting a bottom in January 2016, the VanEck Vectors Coal ETF (KOL) which invests in publicly traded companies worldwide that derive greater than 50% of their revenues from the coal industry has risen a whopping 200%. But, those spectacular gains may be behind us as new clouds form on the horizon. Indeed, since our September 26, 2017 DIBs report titled 'Peak Coal on the Horizon,' where we discussed the fact that global coal consumption was approaching a tipping point, the sector’s performance has been in line with that of the broad U.S. equity market. And coal’s tipping point seems closer than ever, assisted along by three new factors which MRP will outline below . . .

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