Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: BigBull who wrote (72776)	9/9/2000 3:55:22 PM
From: jim_p	Read Replies (2) of 95453

BigBull, I'm starting to build a position in FCX at around 9 5/8. I like FCX because it is both a gold and copper play, and copper is at it's 52 week high and trending up. FCX is projected to earn $.37 per share this year, and $.91 in 2001. If copper continues it's current trend that number could increase. If gold takes off, so will FCX. If gold does not take off, FCX is a good copper play and selling at about 10X next years earnings which will be up almost 300% year over year which gives you a lot of protection on the downside. Looks like FCX has a clear bottom and is trending up with the potential for a easy double or triple. I do believe we will see higher inflation. Once the dollar reverses from it's current bull market to a bear market, it will be to late to get in at a good price. I don't see the dollar continuing it's current path for much more than a month or two at the very most. JimL what's your take on the FCX charts? Assuming we have high inflation, are there any other good investment ideas on where we go after the oil play is over? I'm open to explore anyone's ideas. Jim

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