One of our better investments in 2021 has been from Whitehaven Coal (WHC) which has finally started embracing the rally in the underlying coal price. A lag between commodity prices and relevant equities is common with equities usually the leader, unlike with WHC. Hence we are mindful that if gold is only going to enter a holding pattern as the $US rallies it might be the time that fund managers start reweighting into precious metals.
MM remains long and bullish WHC
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Whitehaven Coal (WHC) v Coal Price ($US/MT)
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Whitehaven Coal (WHC) v Coal Price ($US/MT)
