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$43.71 -1.15 (-2.56%)
10/6/2008 4:02 PM

Freeport-McMoRan Copper & Gold, Inc. (FCX)

CAPS Rating:
*****

Through its subsidiaries, the Company engages in the exploration, mining, and production of copper, gold, and silver. It also smelts and refines copper concentrates, and markets the refined copper products.

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Avatar EviLucius (32.74) Submitted: 5/11/08 8:50 PM : Outperform Start Price: $95.29 FCX Score: 17.81

Gotta love their growth. A very well managed company!

I'm hedging my bets on all the gold and mineral producers as strong performers in the next couple of years for the following reasons: 1) the economy is in shambles due to the real estate mess, 2) federal attempts at controlling the downward trend through lowering of bank interest rates leads to inflation which further, 3) drives down the value of the dollar, 4) increasing old prices predicted to top at $200 a barrel coupled with a weak dollar will drive the economy closer to recession, and finally 5) investors flock to commodities such as precious metals (i.e., gold, platinum, etc) when the market is influx and the dollar is weak. I predict though that Thompson Creek and Freeport-McMoRan Copper makes the strongest gains.

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