Freeport-McMoRan (FCX)

[InvestingIdeas]

Freeport-McMoRan Inc is a leading international mining company headquartered in Phoenix, Arizona.
The GRAPES method’s calculated price perspective is 93 USD. The price is very similar to our method’s calculated price perspective. The stock’s PEG is 0.89 – which is a very good indicator.
For more information: https://www.aipt.lt/freeport-mcmoran-inc-shares/
#FCX #FreeportMcMoRan #investing #investmentideas #sp500 #money

[Chartmaster]

Bought Nov 42 calls today!

[Talc Moan]

As the more conflicts the US gets into the higher all commodities will go.

[Lowjack]

Extremely important day for copper tomorrow! Retest of dump line.

[Lowjack]

It's going to be difficult if it can't get above the green line.
https://schrts.co/urIytiGV
Weekly looks a little heavy.

[JY5]

An Upcoming Rare Earth Play to Take Notice of
https://10xalerts.com/an-upcoming-rare-earth-play-to-take-notice-of/

[Lowjack]

That's psychosis not psychology!

[copytele]

#91 for you , looking for #208 ~~~~~just got a starter posion $FCX

[ernie44]

JOE is using psycology, and backward analysis---this will weaken inflation, by making gas and diesel to near $$ 9 a gallon US.....making less people on the road for American thanksgiving week 1,2,3,4th thurs in November

[ernie44]

JOE is using psycology, and backward analysis---this will weaken inflation, by making gas and diesel to near $$ 9 a gallon US.....making less people on the road for American thanksgiving week 1,2,3,4th thurs in November...BADDA BONK

[Lowjack]

[Lowjack]

I'm sure some hat collections would show up for the right price.

[Talc Moan]

Aluminum going to be the next copper as reserves are almost Nill and plants closing down because of cost of electricity. Another new bubble is forming.

[Lowjack]

While I am bearish on the macro, I do see this has the chance at retesting the $4 area. I plan on being mostly out before October. If things don't change in the US SHTF!

[Talc Moan]

Agree!

[Lowjack]

Did notice the HD had begun lashing the shelves with rod iron fencing and locking it down for the apocalypse! 12-2 romex was listed for ~$160 for 250ft!
Or $100 more than what the market price was for said material before the pandemic. No wonder people are burning down their stores. Just keep in mind anything built 2020 and later will be under water!

[Talc Moan]

Yes it is true. China is halting bank accounts and people are stopping mortgage payments etc etc. make sure your stocked up on Cash. It’s gonna get really bad here too. Credit Card Debt is at a all time high and savings are dwindling really fast. With Interest Rates rising quick we are gonna see some serious defaults going into 2023. Todays Fake Market is rally is the big boys selling and pulling a fast one on small retail.

[Lowjack]

No. Did it get Borked like UK and Italy? Why anyone would willingly join a failing currency block is beyond me.

Hearing rumors Chinese residential mortgagees are starting to walk away from unfinished and underwater homes. I'm sure half of them can't even access their bank funds to even pay if they wanted to.

[Talc Moan]

The Dollar is going to crush the World

[Talc Moan]

Drought and Lack of Water with excess heat. Yeah that will do it. Did you see Norway?

[Lowjack]

I'm hearing Texas cattle herd cull due to drought and feed cost/availability. Should retest that broken trend line on live cattle before short. Seeing a lot of high priced steaks at the grocery store going bad.

[Talc Moan]

SRI Lanka ex President even fled the Country. Not sure Biden could flee lol. 2023 gonna be ridiculously bad imo.

[Lowjack]

I'm not even sure if the market can stop it at $1~!
https://schrts.co/XYvpGnyj

This whole BEV fiasco is DOA! They best let go of their fantasy before they find themselves in a pine box. i.e. a Sri Lanka type restructuring.

[Talc Moan]

Really tough times ahead I agree!

[Lowjack]

Copper above $4 = Recession every time!

Now we are in sell the rips mode.
https://www.cnbc.com/2022/06/24/stay-away-from-this-company-poised-to-go-public-next-week-jim-cramer-warns.html

I would agree with his thesis, Now is not the time to start building a mine from scratch. It is consolidation time!

[///M3]

Out 35.35 thank you

[///M3]

Picking up a few here

[ernie44]

utah 4 percent railway Grade

USES rare oil now

[Lowjack]

$4.45 is the next target area. Can't have new housing starts if interest rates go up! Grand kids will not be buying houses on 1/3 of the money you were making when you first bought your house!

[Lowjack]

Still getting rejected over $4.71.
https://schrts.co/vkNtKxar

[Lowjack]

The fact that they are not willing to bring more production on line tells me that they know it will cause too much supply. Mute though as we head into recession.

https://www.reuters.com/article/us-metals-copper-ahome/column-copper-surplus-on-the-horizon-but-will-it-come-in-time-idUSKBN2H31JX

[drobx]

Am I missing something here? You think that because there is a lack of copper the price will go down?

[Lowjack]

They are at production limit. It doesn't matter what price of copper is, you don't get more. Sounds like a reason to short copper to me.

[Lowjack]

It sure does...

I just know what happens when copper gets over $5, Oil over $90, inverted interest rates 5yr over 30yr!

I already see retail dumping product because they need cash. (Deflationary)!

It's going to be a bigger rug pull than 2008 so build cash and hold on to your butt!

[Talc Moan]

Keeps going

[Lowjack]

How many double tops do you see?

[BottomBounce]

$FCX bounce? https://www.nxtmine.com/news/articles/todays-news/tsx-ndm-northern-dynasty-comments-on-one-year-anniversary-of-appeal-submission-and-recent-predictions-of-significant-increases-in-the-price-of-copper-coming-in-light-of-supply-demand-imbalances/

[l2 hunter]

FCX will trigger massiv breakout sign.. Seems we will taking out 5 years high. Blue sky then.. Huge year 2022 ahead imho

[ernie44]

FCX --- our million dollar baby

[Lowjack]

I can't believe the amount of missed head and shoulders corrections on this chart!

[Talc Moan]

I still cannot believe I loaded up on Calls when it dropped to mid $4.00’s and sold them so cheap. My gut was so spot on.

[Lowjack]

!!!!

https://finviz.com/futures_charts.ashx?t=HG&p=w1

[Lowjack]

double topped head with matching double topped shoulderpads!

[Lowjack]

Watch it, copper has broken out from the downtrend it was on. ~$4.45 gap

[BottomBounce]

Freeport-McMoRan Inc. $FCX
Book Value Per Share (mrq) 7.46

[BottomBounce]

Freeport-McMoRan Inc. $FCX
Total Debt (mrq) 9.81B

[Lowjack]

Just food for thought, when the copper price is where it is on the 20 year pattern, it severely harms the economy! <$2.50 load.

[Talc Moan]

You got that right!

[Lowjack]

Bulls make money, Bears make money, greedy pigs get slaughtered.

Copper should never have run ~150%!

Time to work on your Putting stroke?

[Talc Moan]

My Calls Expires months ago. I sold them for not nearly what I could have made. Bought when it was like $6.00 sold around 11-$15.00 range. Could not believe she ran $30++++