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Red Hot Coal ETF Returns Not A Trump Trade

FYI: With an administration focused on the coal industry, is the surging VanEck Vectors Coal ETF (KOL) responding to politics, or economics?

For all the jawboning President Trump has done about coal miners, you might think it was a huge employer and powerhouse for the future. In fact, the U.S. coal industry has been in decline for decades. That is primarily due to slack demand as power plants rely more on natural gas, and steel is increasingly imported.
Regards,
Ted
http://www.etf.com/sections/blog/red-hot-coal-etf-returns-not-trump-trade?nopaging=1

M* Snapshot KOL:
http://www.morningstar.com/etfs/ARCX/KOL/quote.html
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