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nmelendez » Comments » BHP

  • Freeport-McMoran on Copper and China [View article]
    It's not about the copper, it's about the gold. China has been busy buying mines around the world with US dollars. They've been unloading the dollar, you just have not noticed. Zinjin, one of china's top mining companies has expressed it is intent on buying mines at these low prices worldwide. Imagine that, china has finally become capitalist, buy low and sell High.
    Jan 29 11:07 am |Rating: +5 -1 |Link to Comment
  • Time to Switch Out of Freeport-McMoRan [View article]
    BTW, i feel like another correction is in the making, not gloom and doom, just too many people calling a bottom and traders with too many shorts. Too many people feeling rosy and cherry about a recovery, no panic just calculated risk. With these factors combined....i just do not know.
    Dec 04 21:41 pm |Rating: 0 0 |Link to Comment
  • Time to Switch Out of Freeport-McMoRan [View article]
    Personally i believe we are in a deflationary environment and it will be a long time before we see the light at the end of the tunnel. Now would be the time to pick up midcaps that make end products, like refrigerators and commercial vehicles. I like KGC but i much prefer chinese miners with gold exposure like Zijin, which by the way, is picking up mines left and right in SA and Africa. 1.4 billion people becoming middle class? i like the odds :)
    Dec 04 21:37 pm |Rating: 0 0 |Link to Comment
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