Jim Cramer Says Precious Metals Could Have a Rally if Freepo…
Insider Monkey – Free Hedge Fund and Insider Trading Data (Syeda Seirut Javed)Freeport-McMoRan Inc. (NYSE:FCX) is one of the stocks in Jim Cramer’s recent game plan. Cramer made a note of the company’s significant operations in gold during the episode, as he commented:
“Thursday, we find out if the awesome gold rally still has legs when Freeport-McMoRan reports. This company has the world’s largest gold mine with the world’s largest set of gold mine problems, including recent horrendous flooding in Indonesia. But if they talk a good game, precious metal could have still another rally.”
Image by Csaba Nagy from Pixabay
Freeport-McMoRan Inc. (NYSE:FCX) is a mining company producing copper, gold, molybdenum, silver, and other metals. When a caller inquired about the stock during the October 13 episode, Cramer replied:
“Yeah… look, the stock, everyone just thinks that Indonesia is going to expropriate the mine. I don’t think so. I think you’re fine in the stock.”
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