I'm not all that thrilled to be owning Freeport McMoRan Copper & Gold (FCX) right now. While the company's stock has tended to be highly correlated to the price of copper, that correlation has slipped a bit.
I'm guessing this has a lot to do with the violence and labor disputes at the company's Grasberg mine in Indonesia.
Barrick Gold (ABX) and Newmont Mining (NEM) have suffered due to the recent downtrend in mining companies. If we take into consideration that gold prices are 11% above their 52-week lows, while the stock prices of Barrick Gold and Newmont Mining are at...
The headline "Gold and Silver Wait Patiently for More Easing" from this story at Commodity Online last week about sums up the current situation for precious metals investors and, whether it's good or bad, some news should come on that front in the days ahead as the Federal Reserve's policy committee again gathers to deliberate over whether another round of money printing might be necessary amid growing signs of a weakening U.S. economy.