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$38.69 -5.02 (-11.48%)
10/7/2008 4:01 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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Recs

18

Avatar Foehammer (< 20) Submitted: 5/20/08 8:11 PM : Outperform Start Price: $125.48 FCX Score: -39.70

Precious metals are becoming more and more precious as the dollar wanes and other currencies fluctuate. Gold continues to hold the human race in the same hypnotic state that it has for several thousands of years, with silver not far behind. When the monitary systems begin to falter or look unsteady, he who holds the gold holds the future.


Now that copper is being used more and more in all manner of things it's value continues to rise as well. Copper theft is big business in the US, which shows the lengths people will go to obtain the money brought in from this ever-increasing valuable commodity.

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