Fractal Efficiency: Toward a Better Quantitative Analysis of Trend

Fractal Efficiency Wherein determinants, critical points, holomorphics, volatility, and derivatives of such, produce predictive matrices from which intermediate directionality may be determined.

Fractal Efficiency is time-frame agnostic and has been rigorously tested in our family office with the following products: Futures, Equities

Upon purchase, a lower study (vFractal_Efficiency.ts), a companion upper study (vFractal_Efficiency_Upper.ts) and the Fractal Efficiency Strategy (vFractal_Efficiency_Strategy.ts — Sample Results Below) will be promptly emailed to you in a .zip file.

How to Import Your Fractal Efficiency Source Files Into ThinkOrSwim

After you unzip the downloaded files, go to ThinkOrSwim Charts and click Studies > Edit Studies. In the new window, make sure you’re on the right tab for either Studies or Strategies, then click “Import” below. In the next window, navigate to the file on your hard drive, select it, and click open.

That’s it!




Premium Script Price: $1,099.00

Fractal Efficiency Strategy

Fractal Efficiency Strategy Report (Daily Data)

Symbol: URA (Global X Uranium ETF)

Work Time: 12/29/10 – 9/22/17

Id Strategy Side Amount Price Date/Time Trade P/L P/L Position
1 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $119.28 12/28/10 $1,260.00 1000.0
2 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $117.90 1/7/11 ($1,380.00) ($1,380.00) 0.0
3 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $117.90 1/7/11 $480.00 -1000.0
4 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $124.44 1/18/11 ($6,540.00) ($7,920.00) 0.0
5 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $124.44 1/18/11 ($4,560.00) 1000.0
6 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $130.32 2/18/11 $5,880.00 ($2,040.00) 0.0
7 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $130.32 2/18/11 $840.00 -1000.0
8 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $82.08 5/27/11 $48,240.00 $46,200.00 0.0
9 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $82.08 5/27/11 $48,360.00 1000.0
10 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $77.82 6/6/11 ($4,260.00) $41,940.00 0.0
11 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $77.82 6/6/11 $43,860.00 -1000.0
12 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $72.06 7/1/11 $5,760.00 $47,700.00 0.0
13 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $72.06 7/1/11 $48,120.00 1000.0
14 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $72.36 8/4/11 $300.00 $48,000.00 0.0
15 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $72.36 8/4/11 $52,920.00 -1000.0
16 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $53.64 10/12/11 $18,720.00 $66,720.00 0.0
17 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $53.64 10/12/11 $68,193.60 1000.0
18 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $56.76 11/9/11 $3,120.00 $69,840.00 0.0
19 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $56.76 11/9/11 $71,870.40 -1000.0
20 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $49.98 1/3/12 $6,780.00 $76,620.00 0.0
21 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $49.98 1/3/12 $77,580.00 1000.0
22 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $62.70 2/8/12 $12,720.00 $89,340.00 0.0
23 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $62.70 2/8/12 $90,060.00 -1000.0
24 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $64.20 2/22/12 ($1,500.00) $87,840.00 0.0
25 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $64.20 2/22/12 $88,860.00 1000.0
26 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $60.54 3/6/12 ($3,660.00) $84,180.00 0.0
27 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $60.54 3/6/12 $85,926.00 -1000.0
28 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $42.18 6/15/12 $18,360.00 $102,540.00 0.0
29 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $42.18 6/15/12 $103,680.00 1000.0
30 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $43.08 7/18/12 $900.00 $103,440.00 0.0
31 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $43.08 7/18/12 $103,080.00 -1000.0
32 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $42.30 8/15/12 $780.00 $104,220.00 0.0
33 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $42.30 8/15/12 $107,820.00 1000.0
34 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $44.52 9/5/12 $2,220.00 $106,440.00 0.0
35 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $44.52 9/5/12 $106,500.00 -1000.0
36 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $46.32 9/13/12 ($1,800.00) $104,640.00 0.0
37 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $46.32 9/13/12 $106,440.00 1000.0
38 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $47.46 9/25/12 $1,140.00 $105,780.00 0.0
39 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $47.46 9/25/12 $107,040.00 -1000.0
40 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $36.30 12/14/12 $11,160.00 $116,940.00 0.0
41 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $36.30 12/14/12 $117,960.00 1000.0
42 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $42.30 2/7/13 $6,000.00 $122,940.00 0.0
43 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $42.30 2/7/13 $123,300.00 -1000.0
44 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $33.48 5/6/13 $8,820.00 $131,760.00 0.0
45 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $33.48 5/6/13 $132,480.00 1000.0
46 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $35.92 6/12/13 $2,440.00 $134,200.00 0.0
47 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $35.92 6/12/13 $134,900.00 -1000.0
48 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $34.20 7/9/13 $1,720.00 $135,920.00 0.0
49 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $34.20 7/9/13 $136,080.00 1000.0
50 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $35.12 8/6/13 $920.00 $136,840.00 0.0
51 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $35.12 8/6/13 $137,580.00 -1000.0
52 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $28.82 11/22/13 $6,300.00 $143,140.00 0.0
53 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $28.82 11/22/13 $143,840.00 1000.0
54 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $29.16 12/12/13 $340.00 $143,480.00 0.0
55 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $29.16 12/12/13 $143,640.00 -1000.0
56 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $29.14 12/26/13 $20.00 $143,500.00 0.0
57 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $29.14 12/26/13 $144,200.00 1000.0
58 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $31.48 2/3/14 $2,340.00 $145,840.00 0.0
59 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $31.48 2/3/14 $147,120.00 -1000.0
60 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $32.22 2/14/14 ($740.00) $145,100.00 0.0
61 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $32.22 2/14/14 $145,080.00 1000.0
62 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $35.94 3/21/14 $3,720.00 $148,820.00 0.0
63 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $35.94 3/21/14 $149,900.00 -1000.0
64 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $29.68 5/29/14 $6,260.00 $155,080.00 0.0
65 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $29.68 5/29/14 $155,740.00 1000.0
66 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $28.56 6/24/14 ($1,120.00) $153,960.00 0.0
67 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $28.56 6/24/14 $154,240.00 -1000.0
68 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $29.32 7/2/14 ($760.00) $153,200.00 0.0
69 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $29.32 7/2/14 $153,660.00 1000.0
70 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $29.52 8/1/14 $200.00 $153,400.00 0.0
71 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $29.52 8/1/14 $153,820.00 -1000.0
72 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $23.32 11/7/14 $6,200.00 $159,600.00 0.0
73 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $23.32 11/7/14 $162,460.00 1000.0
74 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $26.88 11/28/14 $3,560.00 $163,160.00 0.0
75 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $26.88 11/28/14 $164,300.00 -1000.0
76 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $21.60 2/6/15 $5,280.00 $168,440.00 0.0
77 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $21.60 2/6/15 $168,700.00 1000.0
78 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $21.90 3/6/15 $300.00 $168,740.00 0.0
79 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $21.90 3/6/15 $169,060.00 -1000.0
80 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $20.62 4/15/15 $1,280.00 $170,020.00 0.0
81 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $20.62 4/15/15 $170,810.00 1000.0
82 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $22.78 5/20/15 $2,160.00 $172,180.00 0.0
83 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $22.78 5/20/15 $172,440.00 -1000.0
84 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $16.34 8/10/15 $6,440.00 $178,620.00 0.0
85 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $16.34 8/10/15 $179,300.00 1000.0
86 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $16.06 8/20/15 ($280.00) $178,340.00 0.0
87 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $16.06 8/20/15 $178,560.00 -1000.0
88 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $15.28 10/7/15 $780.00 $179,120.00 0.0
89 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $15.28 10/7/15 $179,460.00 1000.0
90 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $15.30 10/27/15 $20.00 $179,140.00 0.0
91 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $15.30 10/27/15 $179,440.00 -1000.0
92 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $13.61 12/22/15 $1,690.00 $180,830.00 0.0
93 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $13.61 12/22/15 $181,040.00 1000.0
94 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $13.14 1/7/16 ($470.00) $180,360.00 0.0
95 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $13.14 1/7/16 $180,520.00 -1000.0
96 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $12.64 2/1/16 $500.00 $180,860.00 0.0
97 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $12.64 2/1/16 $181,050.00 1000.0
98 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $11.63 2/11/16 ($1,010.00) $179,850.00 0.0
99 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $11.63 2/11/16 $179,850.00 -1000.0
100 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $12.81 2/22/16 ($1,180.00) $178,670.00 0.0
101 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $12.81 2/22/16 $178,780.00 1000.0
102 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $15.52 4/29/16 $2,710.00 $181,380.00 0.0
103 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $15.52 4/29/16 $181,760.00 -1000.0
104 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $14.26 6/3/16 $1,260.00 $182,640.00 0.0
105 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $14.26 6/3/16 $182,820.00 1000.0
106 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $13.87 6/24/16 ($390.00) $182,250.00 0.0
107 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $13.87 6/24/16 $182,250.00 -1000.0
108 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $14.67 7/13/16 ($800.00) $181,450.00 0.0
109 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $14.67 7/13/16 $181,280.00 1000.0
110 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $14.17 7/28/16 ($500.00) $180,950.00 0.0
111 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $14.17 7/28/16 $181,320.00 -1000.0
112 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $14.03 8/11/16 $140.00 $181,090.00 0.0
113 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $14.03 8/11/16 $181,510.00 1000.0
114 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $14.04 8/26/16 $10.00 $181,100.00 0.0
115 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $14.04 8/26/16 $181,250.00 -1000.0
116 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $12.23 11/15/16 $1,810.00 $182,910.00 0.0
117 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $12.23 11/15/16 $183,100.00 1000.0
118 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $12.85 12/28/16 $620.00 $183,530.00 0.0
119 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $12.85 12/28/16 $183,710.00 -1000.0
120 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $13.99 1/5/17 ($1,140.00) $182,390.00 0.0
121 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $13.99 1/5/17 $182,560.00 1000.0
122 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $16.71 2/24/17 $2,720.00 $185,110.00 0.0
123 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $16.71 2/24/17 $185,090.00 -1000.0
124 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $15.96 4/11/17 $750.00 $185,860.00 0.0
125 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $15.96 4/11/17 $186,000.00 1000.0
126 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $15.08 4/19/17 ($880.00) $184,980.00 0.0
127 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $15.08 4/19/17 $185,330.00 -1000.0
128 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $13.72 5/16/17 $1,360.00 $186,340.00 0.0
129 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $13.72 5/16/17 $186,370.00 1000.0
130 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $13.15 5/25/17 ($570.00) $185,770.00 0.0
131 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $13.15 5/25/17 $185,900.00 -1000.0
132 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $13.28 7/3/17 ($130.00) $185,640.00 0.0
133 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $13.28 7/3/17 $185,800.00 1000.0
134 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $14.34 8/3/17 $1,060.00 $186,700.00 0.0
135 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $14.34 8/3/17 $186,870.00 -1000.0
136 vFractal_Efficiency_Strategy(Long Entry) Buy to Close 1000.0 $13.37 8/29/17 $970.00 $187,670.00 0.0
137 vFractal_Efficiency_Strategy(Long Entry) Buy to Open 1000.0 $13.37 8/29/17 $187,870.00 1000.0
138 vFractal_Efficiency_Strategy(Short Entry) Sell to Close -1000.0 $13.69 9/21/17 $320.00 $187,990.00 0.0
139 vFractal_Efficiency_Strategy(Short Entry) Sell to Open -1000.0 $13.69 9/21/17 $187,980.00 -1000.0

Max trade P/L: 48,240.00

Total P/L: 187,990.00

Total orders: 139

Orgy of the Damned

Environmentalists advocate on the behalf of flawed energy policy proposals predicated upon an assumption that natural resources are infinite. The Conservationist knows that this is not true and he invests accordingly.


In an age characterized by orgies of special dispensations born of free resource availability, it is the fate of Atomic Energy to be frustrated, fettered. For in times of plenty, the promiscuous use and over-expression of so-called ‘renewable’ forms of energy preside, and the present is such a time.

Renewable forms of energy in times of plenty and easy money are as microbes in a Petri dish of nutrient media, wherein the sole determinant of survival becomes numerical advantage. It is to be remembered, however, that free resource availability is on a clock and able only to be exploited in the absence of competitive selection.

On Environmentalism: Remixing Le Bon

If we would comprehend the profound influence of Environmentalism we need only to examine its doctrines… Like religions (and Environmentalism is tending more and more to put on the guise of a religion) it propagates itself in any manner than by reason. Feeble in the extreme when it attempts to reason, and to support itself by scientific arguments, it becomes on the contrary extremely powerful when it remains in the region of dreams, affirmations, and chimerical promises… Now the great power of beliefs, when they tend to assume this religious form … lies in the fact that their propagation is independent of the proportion of truth or error they may contain, for as soon as a belief has gained a lodging in the minds of men its absurdity no longer appears; reason cannot reach it, and only time can impair it…

Peak Uranium: It’s Not Chess. It’s Poker

Poker

When Energy Secretary Rick Perry stated to employees at a coal-fired power plant in Maidsville, West Virginia, “Here’s a little economics lesson: supply and demand. You put the supply out there and the demand will follow,” he wasn’t flubbing a fundamental lesson of economics. He was setting his gunsight on the world’s largest uranium producers.

Developing nations determined to grow and developed nations committed to energy security are calling uranium’s bluff while making tentative commitments to coal. Uranium isn’t chess. It is poker. And the major producers are concealing their peak, plateau and especially their decline statistics by folding. Unless a nation with nuclear bargaining power can be assured of rigorous and demonstrable future supply, it will not build-out. Instead, it will stretch present military and civil stockpiles and phase-out, as is the case presently (Voluntary: South Korea, United States, Germany; Involuntary: Japan).

Uranium isn’t an intuitive industry or investment: higher prices are only guaranteed if producers are able to prove a sum of reasonably assured and inferred resources that will meet demand to 2100 and beyond. Unfortunately, they can’t. Although we may have been wrong about Peak Oil, Peak Uranium may be a reality.

Make no mistake about it, Perry’s riff on “build it and they will come” was squarely aimed at Cameco and Kazatomprom, the last two heavyweights at the table. In other words, he looked up over the rims of his Jean Lafont’s and said, “I call.”

If the major producers continue to fold, the coal industry will be the chief beneficiary, here in the United States and abroad. Is Trump’s Paris pullout making sense yet?