Tag Archives for " JJC "

Copper and Freeport-McMoran

copperIn 2014 Freeport-McMoran Copper & Gold Inc. changed its name to Freeport-McMoran Inc. (FCX). FCX is into copper, gold, molybdenum, cobalt hydroxide, silver as well as and oil and natural gas.

I have seen several articles talking about how FCX has been in sync with oil, but when I look at copper it seems that it is still the best link. The Copper ETN (JJC) started trading in November 2007. Below is a chart showing the weekly data of JJC overlayed with the weekly data of FCX. Continue reading

Weekend Market Wrap

In this condensed version of the market analysis that I provide to my Insider Members I review the price action of the NYSE Composite Index (NYA).  I also review oil, gold and copper.

I then check out a couple of disasters in Chipotle Mexican Grill (CMG) and Nimble Storage (NMBL) and another stock that is reinforcing the picture of a struggling global economy…United States Steel (X).

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