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Bank of England's commodity blind spot

It’s not every day you get investment advice from the Bank of England but if what the governor, Mark Carney, said two weeks ago about coal was intended as advice then investors will today be selling their shares in coal-mining companies.

Bank of England's commodity blind spot Bank of England's commodity blind spot Bank of England's commodity blind spot Bank of England's commodity blind spot Bank of England's commodity blind spot

The Bank of England's Mark Carney has perhaps overstepped his brief in cautioning investors on coal

Unfortunately, that could be a dreadful mistake because coal as an investment is not dead and the Bank of England has a poor record when it comes to picking winners in the world of commodities.