Showing posts with label Freeport-McMoRan Inc (NYSE:FCX). Show all posts
Showing posts with label Freeport-McMoRan Inc (NYSE:FCX). Show all posts

Tuesday, April 4, 2017

Mine Nationalization: Is It a Serious Risk?

I do not think there is much risk of mine nationalization. There may be in some countries where there is internal political problems. I am just racing around the world in my brain trying to think where somebody may nationalize mines and I do not see that happening. I do not see that as a very serious risk. (Market Vectors Gold Miners ETF (GDX), Newmont Mining (NEM), Goldcorp (GG), Freeport-McMoRan Inc (NYSE:FCX), Novagold (NG), Barrick Gold (ABX))

Monday, December 14, 2015

Gold Will Probably Go Under 1,000 USD/Ounce

I have been negative on Gold. I own Gold but I have hedged my Gold. I haven`t bought Gold for about 5 years now. I expect another opportunity to buy Gold. It probably will go under 1,000 dollars an ounce and if that happens I hope I am smart enough to buy more. (SPDR Gold Trust ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), Market Vectors Gold Miners ETF (GDX), Goldcorp (GG), Freeport-McMoRan Inc (NYSE:FCX))

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

Monday, March 9, 2015

Base Metals: Fundamentals For Copper

In some of the base metals, things are apparently tight, no question about that. Copper, will be tight again. There is a lot of inventory right now but if you look at the mining, the fundamentals, if it is not deficit, it will be in a couple of years. So, I am not a buyer nor a seller of copper right now. Copper is going to be back in deficit in the next 2 or 3 years, if not before.

Stocks: Southern Copper Corp (NYSE:SCCO), Freeport-McMoRan Inc (NYSE:FCX)

Futures: Nymex Copper Futures

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.

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