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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Roebear who wrote (23604)	12/17/2002 9:51:35 AM
From: Art Bechhoefer	Respond to of 36161

Roebear, FCX is indeed a copper producer, but because of the large supplies of copper in many other countries, and the comparitively low cost of copper, I've never been intersted in investing in copper. Ironically, FCX shares, which reflect both their gold and much larger copper production, have gone up by a greater percentage than the preferred B shares, which pay a dividend tied to the gold price. One reason I'm not big on copper is that the wires for telephone transmission are being replaced by fiber optic lines or wireless. Obviously, a robust housing and construction market, together with increasing demand for electrical energy increases demand for copper wire, but that still doesn't convince me to go all out for copper. Art