Positive euro development.TTSB,
I am with you on your thesis, most stocks are running into over bought territory and any positive news on the Euro with correct gold which is in need anyway. I picked up some Freeport Mcmoran, if copper/moly decide to move a bit so will FCX which has corrected 25% in the last few weeks.
Freeport Mcmoran
Operating cash flows totaled $1.8 billion for first-quarter 2010. Using estimated sales volumes
and assuming average prices of $3.50 per pound for copper, $1,100 per ounce for gold and $15 per
pound for molybdenum for the remainder of 2010, operating cash flows for the year 2010 are
estimated to exceed $6 billion, net of
.3 billion in working capital requirements.