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To: Jacob Snyder who wrote (3899)	11/19/2014 7:40:01 PM
From: The Ox	Respond to of 8239

While we might both be wrong, I couldn't agree more with respect to FCX. Either the market is going to tank and FCX will go substantially lower or, as I suspect, we'll continue to drift higher due to the stronger long term economic data. I won't be surprised to see FCX lower in the short term but I think the long term fundamentals are suggesting, if not screaming buy this company's stock. Every dollar lower, I'll be a buyer. Bought recently under $28, will do the same at 27...etc..... That is to say, unless we get a clear indication that this segment of the industry is being over supplied. So far, that is not what the trends are indicating. Simply looking at this 3 year chart for FCX, it's saying to me that the market for Copper, in particular, is worse today than in March of 2012. I would totally disagree with that premise.