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Freeport-McMoran Copper & Gold Inc (FCX)

NYSE
Currency in USD
Disclaimer
47.98
-0.97(-1.98%)
Closed
After Hours
48.02+0.04(+0.08%)

FCX Comments

Probably good shorting opportunity at 36 if it hits. Believe this is a fomo hf pump. Sold position 2 weeks back. Seems sub 30 by end of April very possible. Infrastructure deal should be sell the news event.
Read Seeking Alpha's recent article, about Goldman's price projections for copper, by 2025... Goldman claims that it will hit 15k a ton, by then, b/c of domand surrounding the EV transition.... which is not just copper to make EV's, but also the infrastructure (home charging stations, higher amp transmission lines, new "gas" stations with electric, bigger electricity production infrastructure, etc). Only a very deliberately self-blinded person would ignore that, and short FCX.
DEMAND, not "domand". lol
there has been a copper shortage the past 10 years and it's only going to get worse as time goes on as demand for copper increases. copper will be $10/lb by the end of the decade. if you are shorting copper you are fool and clearly don't understand the significant demand chasing small reserves of copper. will only get worse in the coming years especially with proliferation of EV and technology
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