Buy Freeport McMoRan Copper & Gold (FCX)

12/30/2008 10:07 pm EST


Jim Jubak

Founder and Editor,

Maybe the company should change its name to Copper & Gold & Molybdenum. Total proven and probable reserves of molybdenum, a metal used in high strength steel alloys,  total 1.9 billion pounds and the metal made up 12% of 2006 sales. With proven and probable reserves totaling 75 billion pounds copper does remain king--especially after Freeport's 2007 acquisition of Phelps Dodge—which is another reason to like this stock.

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