If tomorrows payroll number comes out over 200,000 the dollar will jump again & copper & all will take a dive do to renewed thoughts of a rate hike. If we get less then 125,000 then the dollar will fall & copper will jump up with the rest of market do to sidelining the fed. If the numbers in between these two, could go either way.
If I was short this stock or the market in general, I would not be able to sleep. This market is one headline away from exploding north. The down side risk is small as the markets have been hammered for months. Shorts, the world is not imploding.. In fact, with gas prices at a 8 year low, we are fare from imploding. I cannot pick a bottom in stocks, but this is a great time to have money & put it to work.
exactly, late to the party once again, beer is all dried up..
sad people... where were they when it dropped from 15 to present.. NOW they are downgrading.. Its past the point of downgrading now, , now is when things turn better for FCX as they stream line.
U.S. API Weekly Crude Oil Stock
Feb 02, 2016
ok last week they stated 11.4M barrels this week 3.8M.. What the heck, someone is slowing down production.. how can you have such a swing in 7 days.
anyways, long & strong at these prices. the world is not ending Dorothy..
every little pop they sell out. it is going north people. like it or not. 2016 will be a turnaround year for FCX. By summer will be $12-15 easy.
yes it will, the short story has run its coarse.. we will pop & grind higher in 2016.. Shorts you might want to look else where.
people setting there stops to tight.. they took them out so big guys can get in cheaper
Shorts have had the upper hand all of 2015.. But like everything in life, all things do change coarse at some point. To think this is still a good short you have to be foolish. Greed is ok, but common sense at some point needs to take over. When this puppy flies north, getting out before a $5 jump in price may happen.
Russian Energy Minister Alexander Novak said on Thursday that Saudi Arabia had proposed to cut oil production by up to 5 percent by each country in order to support weak oil prices.
Novak also told reporters that there was a proposal of a meeting between OPEC and non-OPEC countries on the level of oil ministers and that Russia was ready for the meeting.
Oil markets rallied on the news, with Brent crude rising 5.5 percent.
Russia's state-owned oil pipeline company Transneft said Russia and the Organization of the Petroleum Exporting Countries will discuss possible oil output cuts, Reuters reported Wednesday, citing Russian news agency TASS. Prices for oil had already turned higher in the wake a U.S. report that showed a hefty weekly increase in crude supplies, but also revealed a fall in domestic oil production. March West Texas Intermediate crude CLH6, +2.73% was up 93 cents, or 3%, at $32.38 a barrel on the New York Mercantile Exchange. March Brent LCOH6, +3.58% on the ICE Futures exchange added $1.18, or 3.7%, to $32.98 a barrel.
I wish, but until energy bottoms its not over. We got to get to a point where the other countries shut some of the flow off to stabilize the oil market.