I’ve been quite bullish on Freeport-McMoRan Copper & Gold Inc. (FCX) for some time now. In fact, the stock is up over 119% since I first recommended it to Investor’s Daily Edge readers on February 12th of this year.
And I’m still recommending the company as a strong buy. Read the full story
I hate to toot my own horn but I can’t resist… my article for the FREE Investor’s Daily Edge newsletter on 02/12/09 was titled Invest in Copper!, I told my readers that copper was going up and specifically recommended for you to get into Freeport-McMoRan Copper & Gold Inc. (FCX). Read the full story
After last week’s FOMC meeting, the Federal Reserve announced that it will purchase up to $300 billion in treasury bonds over the next six months. This is all part of their effort to revive the housing market. Purchase long-term bonds, drive interest rates down, drive mortgage rates down and maybe just maybe real estate buying will start to improve.
But I have a question. Where is the Fed getting this $300 billion? China has pretty much said that they are considering dumping some of the U.S. debt that it holds and issued a warning against devaluing the dollar. China holds close to $750 billion in U.S. Government debt already and were still adding last month when they added another $12 billion. Holding that much debt in one entity, even if it is the U.S. government, is not a sound investment strategy. Read the full story
Is copper the new gold? It looks like it is and all my fundamental and technical indicators are pointing to higher copper prices. Copper is currently trading around $1.70 per pound and it could head well over $2.00 per pound in the near term.
I hate to toot my own horn but I can’t resist… my article for Investor’s Daily Edge on 02/12/09 was titled “Invest in Copper!”. I told you that copper was going up and specifically recommended for you to get into Freeport-McMoRan Copper & Gold Inc. (FCX). Read the full story
I don’t mean to disrespect my colleagues, but I have an even better play in the metals market than gold. I know the gold bugs are clamoring with the yellow metal hitting $1,000 an ounce on February 20, but I have to say I think there is a better play in the metals market.
No, it’s not silver or platinum.
I am talking abou Read the full story
