Coal ETF Tries to Emerge From the Abyss

However, gold prices are rising, bringing much needed relief to those miners. Last month, FBR Capial said met coal prices have fallen to a point where they will no longer cover cash costs, even for low-cost producers and the firm metallurgical coal prices could fall to their lowest levels since 2009, according to Street Insider.

Metallurgical, or coking, coal is a key ingredient in the production of steel and integral part of the production equation for many KOL holdings, including Peabody and Walter. That says KOL will need a sustained bounce in met coal prices to enjoy a sustained bounce of its own.

Market Vectors Coal ETF

ETF Trends editorial team contributed to this piece.