I was hoping it would drop under $10. But now they have cut the divvy and so this stock will rise instead of fall.
Depends on how it closes. If it closes at lows we have a very bearish situation. If it closes at top we get an outside day and that could be bullish.
Chinese Yuan will fall against the dollar as well. Some predict by 30% or more. Chinese companies will be better off buying copper as they cannot buy gold as part of their biz. Copper will once again regain status as "store of value"
most bullish reason is fed might go negative or hold rates until 2018. Debt is now a leverage with upside potential - not an albatross. Stock has not priced in last week's rise in gold and copper prices
You should just buy FCX because of Brexit. It will be a win for Leave or so close as to remain in the news.
the gap between 10.45 - 0.60 is serving as support. Not filling it is bullish. OE points to 12 target for june expiry