Not quite there yet. Dropped Friday. There may be some consolidation plus positive news required before the next move up, IMHO. In either case, I am bullish and will add if it drops another 10% or so.
Checked Costco (Chicago NW 'burbs) a couple of days ago. Pirates Booty still hidden in the farthest back corner. I'll let you guys know if any improved visibility should occur. Cheers.
I saw that. At this point the direction where oil is going is a coin flip IMHO. Some people do not seem to be taking Iran's return to the pumping scene into account. That will result in additional downwards pressure on the price of oil and thus downwards pressure on FCX. Countering that is the upwards movement in gold. So the question is, which will win out? In either case I tend to agree that FCX should try to weather the storm, tighten their belts, and hold onto the oil assets.