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By Frank Holmes |
April 16, 2013
The U.S. mining industry was dealt a devastating blow as Kennecott Utah Copper’s Bingham Canyon Mine experienced a pit wall failure causing a massive landslide with rocks and dirt covering the bottom of the mine pit.
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By The Mad Hedge Fund Trader |
December 18, 2012
Demand for American home construction is slowly crawling out of the basement, and demand from China is starting to turn around as well. It helps that they’re not making copper anymore.
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By The Mad Hedge Fund Trader |
December 11, 2012
We are at a level in the shares, just above $30, where value players start to come into this name. That puts the shares at a bargain basement 4X EBITDA. The 3.30% dividend yield is an additional kicker, more than double the ten year Treasury bond yield.
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By Roger Conrad |
October 16, 2012
Freeport-McMoRan Copper & Gold (NYSE: FCX) has endured a choppy stock market ride since May. And not surprisingly, its performance tracks price volatility of the red and yellow metals, its primary products.
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By Don Miller |
September 24, 2012
As "the only metal with a Ph.D. in economics” because of its widespread use in industrial applications copper is an excellent bellwether for the state of global economic activity. And right now copper is predicting a major global rebound.
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By Mickey Fulp |
May 29, 2012
Oil, gold, and copper have shed roughly 10% of their unit values this month. Most experts have adopted a very bearish outlook to the point of jumping on the doom and gloom bandwagon. Not I, sayeth The Mercenary Geologist.
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By The Mad Hedge Fund Trader |
April 27, 2012
Copper has been leading the downside charge for all risk assets since it peaked on Feb. 10. After looking at the latest trade data for the red metal, it is clear that it has a lot more bleeding to do. This does not bode well for risk assets anywhere.
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By Don Miller |
April 9, 2012
Demand for commodities of all kinds is ramping up at breakneck speed. And despite fears of a slowdown in China's economic growth, Dr. Copper is leading the rise in commodities prices.
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By The Mad Hedge Fund Trader |
March 12, 2012
If you want to see what such a rolling top looks like, take a peek at the chart for my old friend, Dr. Copper, that great prognosticator of future economic activity. He shows that we have already been putting in a rolling top for the last two months.
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By Frank Holmes |
December 23, 2011
As China's appetite for commodities slowed this year, much of the world's copper demand went with it. Despite softening in demand, the red metal could see a rebound in 2012 because mines are struggling to supply the market with adequate reserves.