China is the primary driver of global met coal demand. Not only does the US produce far less steel than China in a given month--8 million metric tons versus almost 60 million metric tons--but US steelmakers tend to rely more heavily on electric arc furnaces that use scrap metal to produce steel. As you can see, Chinese steel production continues to hover near its record high.

eck Resources (NYSE: TCK).

http://www.zerohedge.com/news/art-cashin-most-important-history-lesson-last-century

CUMP AUR !!!

http://www.zerohedge.com/news/foreigners-dump-74-billion-treasurys-6-consecutive-weeks-biggest-sequential-outflow-history

the dreaded D-day in which foreign official and private investors finally start offloading their $2.7 trillion in Treasurys with impunity (although not with the element of surprise - China has made it abundantly clear it will sell its Treasury holdings, the only question is when), has finally arrived.

but one where the Fed has to buy everything that China et al are selling.