When I first mentioned FCX on Monday it closed on the 21st at $19.44 and on Wednesday before the Thanksgiving day holiday it closed at $25.33. That is a gain of $5.89 per share or 30.3% over those three days.
There may be a pull back or some profit taking as the play in this market is to sell into the rally.
I'm no expert but I think it may give a bit back, but it serves as an example of how quickly one of these commodity stocks can move.
China seems bent on growth with a $600 billion stimulus plan and a 1% rate cut. Oil jumped $4 a barell on that interest rate cut alone. When China's demand starts to return I think we will see some incredible spikes in commodities and those sectors.
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