How to play further gains in copper using options on this mining stock
The sharp rally in gold and silver can be read as a market referendum on the credibility of paper money. Large, persistent government deficits imply that future financing may rely on a mix of higher taxes, financial repression and — most relevant here — central banks keeping borrowing costs contained. When investors suspect that debt […]
A stock poised to break out as copper prices climb — How to play it
Freeport-McMoRan (FCX) is set for a potential breakout as copper prices approach their 52-week highs, driving renewed interest in the largest global copper mining company. FCX, which generates most of its revenue from copper, is starting to outperform both the S & P 500 and its sector, signaling a bearish-to-bullish turnaround. The company’s recent earnings […]