Chart looks like they have been unloading for a while!
The sell off has begun
It's still the same trainwreck!
Setting up for a epic economic collapse bigger then 2008.
It’s incredible I agree.
There is a whole lot of price gouging going on!
FCX pushed up against resistance $39.07 v. $39.10 and then the general markets rolled over a little and FCX went with. Trying to turn back up now
The big underground expansion is really in fairly early stage too as I recall
PT Freept Indo is a cash machine at this point.
Unsure as to the remaining mine life however.....years or decades...and very few new large discoveries on the planet.
Wind turbines and EVs will need massive amounts of CU.
FCX makes a ton of cash at these copper prices. A little oil and other metals. Don't forget PTFI Gold world's largest gold mine disguised as a copper mine. Gonna see $45-50 by EOM April..... after earnings
I find it interesting that there is really posting about this company. Great news came out (back to dividends), surging price as of late, going to new highs and with China being back in play now the largest copper company seems destined for more stardom.
Yes, quite a bit higher than when I first started playing with this (was in the $4 range about 5 years ago), and I've always played it because of the great covered call opportunities.
Anyway, consider this a shout out the copper heads.
Double Top achieved.
$FCX Just keeps on going!
Careful? I was here when this was under $5.00 lol. I am well ahead my friend. Riding free
Just be careful, ETF's and ETN's are in the crosshairs of the SEC.
News: $FCX S&P 500 Up 44 Points: Buffett Fires Berkshire's Elephant Gun, Chipotle Hits All-Time High, Goldman Sachs Bearish on Economy
The S&P 500 index continues to defy the COVID-19 pandemic. Following a weekend that saw almost 160,000 new cases, the index is up more than 44 points, a 1.4% gain, at 3:45 p.m. EDT on July 6. Today's market gains are broad, with well over two-thirds of S&P 500 component stock...
Read the whole news FCX - S&P 500 Up 44 Points: Buffett Fires Berkshire's Elephant Gun, Chipotle Hits All-Time High, Goldman Sachs Bearish on Economy
Run away Train FCX
Another round of checks on the way Trump hinted. They will have to help folks on their Mortgages.
Too heavy and the timing isn't right as the workforce can't seem to keep from catching the bug.
Hospitals are filling up fast.
Trump Team Weighs $1 Trillion for Infrastructure to Spur Economy
By Jenny Leonard and Josh Wingrove
June 15, 2020, 10:34 PM EDT
Updated on June 15, 2020, 11:52 PM EDT
Push comes with current funding law set to expire on Sept. 30
Democrats unveiled their own $500 billion proposal this month
The Trump administration is preparing a nearly $1 trillion infrastructure proposal as part of its push to spur the world’s largest economy back to life,
Coppers is the best disinfectant in the World too! I think we should all go back to Copper Door Handles etc...
Freeport-McMoran Copper & Gold Inc. (NYSE: FCX)
One North Central Avenue
Phoenix, AZ 85004
Freeport-McMoran Copper & Gold Inc., through its wholly owned subsidiary, Phelps Dodge, and its majority-owned subsidiary, PT Freeport Indonesia, is a copper, gold and molybdenum mining company. In North America, the Company has six operating copper mines: Morenci, Bagdad, Sierrita and Safford in Arizona, and Chino and Tyrone in New Mexico, as well as one operating molybdenum mine: Henderson in Colorado. In South America, the Company has four operating copper mines: Cerro Verde in Peru, and Candelaria, Ojos del Salado and El Abra in Chile. The Company owns a 53.56% interest in Cerro Verde, an 80% interest in both Candelaria and Ojos del Salado and a 5% interest in El Abra. It owns 90.64% of PT Freeport Indonesia, including 9.36% owned through its wholly owned subsidiary, PT Indocopper Investama. The Company also operates Atlantic Copper S.A. (Atlantic Copper). Atlantic Copper's operations involve the smelting and refining of copper concentrates.
Our Assets: http://www.fcx.com/metals/assets.htm
Recent News: http://www.fcx.com/ir/news_releases.htm
Mellon Investor Services LLC
480 Washington Boulevard
Jersey City, New Jersey 07310
Tel: (800) 953-2493
One North Central Ave.
Phoenix, AZ 85004
Tel: (602) 366-8400
E-Mail Address: firstname.lastname@example.org
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