Against All Odds Research

Against All Odds Research

I’m Buying... Before It Doubles Again

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Jason Perz
Sep 30, 2025
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Coal is leading again. Our coal basket keeps printing new highs, and the met coal leaders are re-asserting dominance as steel and industrials push the commodity tape. AMR just triggered a fresh buy signal and sits near the top of our 3-month relative-strength scan.


Why AMR — and Why Now

1) Group leadership (Coal) is intact.

Our commodity work says the “bet against energy/coal” is a bet against history. Coal—especially metallurgical coal tied to steelmaking—is where price is confirming demand. The group’s strength shows up across our TrendFinder tables (METC, BTU… and AMR).

2) AMR just fired a price signal.

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