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Don't forget about Freeport McMoRan (FCX), the world's largest producer of copper.

FCX is more of a pure-play copper producer, but they are somewhat diversified, like BHP.

FCX is lumped in the same basket with the other metal producers: even though fundamentals are excellent, the share prices are down sharply because investors fear slowing demand.

Also, I don't think you mentioned that BHP produces a significant amount of gold. As a result, the share price tends to fluctuate in tandem with gold prices.

I opened positions in both BHP and FCX at the end of October. I know that's very short-term, but I'm been pleased with the results so far.


Ken (long BHP and FCX)
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