2 Huge Reasons To Buy Freeport-McMoRan Today
By Income Hunter:The dollar is growing stronger, and economic stability is once again in the forecast for the dollar. We should all rejoice - or should we?While the recovering economy may sound like good news to many investors, investors of Freeport-McMoRan (FCX) have reason to wish otherwise. Forecasts for gold prices in June were down by approximately $44 and prices sunk to an 11-week low in the beginning of April 2012. While there is reason to be wary, I believe that gold is down, not out.In August of last year share prices for Freeport-McMoRan hit a 52-week high of approximately $56.78 but fell to a 52-week low of $28.85 only two months later. Currently, the stock sells at approximately $36 a share.Why is Freeport struggling? There are several reasons.First, the Federal Open Market Committee released a report about the state of the economy. The report claimed that theComplete Story »
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