TheStreet’s Jim Cramer says there’s a perfect security out there for the bulls and the bears: Freeport McMoran Copper and Gold. It’s got copper, it’s got gold, it’s got oil — all these are in decline, some would say they’re in free-fall. If you believe that it’s going to turn around, FCX has a great yield at 5%, it’s got the premier properties, it’s got really good oil assets. If you think that oil is going to go down below $50, that copper is going to continue to plunge, and that gold is going to go under $1,000, then what a great short this is. Can they keep the dividend in that environment? Probably not, Cramer says. So he recommends people look at FCX if you’re looking for the perfect security to play the upside or the downside when it comes to minerals.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
