Wealth Creation Through Natural Resources
Earlier in the week I wrote about one of my main themes for 2018, a rising inflation/interest rate environment. In this post I will lay out which sector I believe will do well against a backdrop of rising inflation and rising … Continued
Just one month ago shares of Freeport-McMoran (FCX) and Teck Resources (TCK) were plumbing new depths near all-time low levels. What a difference a month makes: TCK has nearly tripled from its January 13th low at $2.56 and FCX has … Continued
Shares of copper & gold mining behemoth Freeport-McMoran (FCX) have seen impressive insider buying in the last month: 3 different board members have purchased a total of more than $32 million worth of FCX stock since August 18th. All … Continued
One of the most successful investors in history, Carl Icahn, has taken a roughly 8.5% stake in copper/gold mining giant Freeport-McMoran (FCX). Shares of FCX have been battered in recent months, dropping nearly 70% since early May: Icahn is most … Continued
Copper futures dropped as low as $2.42 yesterday evening before rebounding roughly 5%: One of the world’s largest copper producers, Freeport McMoran (FCX), has been hit especially hard (-11%) this morning after copper’s overnight tumble: A slide from a recent … Continued