Freeport McMoran (FCX) Message Board

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Gold/Mining/Energy : Freeport McMoran (FCX)

FCX 41.18

-1.2%

Nov 3 9:30 AM EST

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To: Yogizuna who wrote (39)	9/23/2000 9:01:11 AM
From: Oak Tree	Read Replies (1) of 141

I'm not sure that the market is going to help support the FCX trend. More expensive energy makes for more expensive minerals. Energy stocks fell with the recent verbage about attackin big business, about developing the artic refuge, and releasing 50M barrels of strategic reserve. Oil is still at a max, and there is no reason to think that asia is going to stop buying it or that the US will not need it this winter. Cars haven't gotten smaller, and hotels are still over air conditioned. It takes a lot of fuel to make metals. At this point I think that oil and exploration companies win

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