Freeport-McMoRan (FCX)

[eddy2]

Eddy the risk is now been lowered to less then 50% when examining the sector as a hole. If you were too take out the gold play it would be less. A higher gold interest,not that good.

This is due too falling gold prices that could trigger derivative contracts to be renewed based on institutional 20% base price trigger mechanisms put in place to hedge there down side.

Copper is a very different story as I believe the price of cooper is very low and that we could see a big up side.


Even at that there is a five year window when I put the numbers into my fancy financial calculator I just purchased, granted I’m still trying to figure out what it can’t and can do for me. In a nut shell I’m thinking that if a guy keeps a very close watch on the trading trend lines you can do okay.