Tuesday, July 12, 2011

Copper; SWC , FCX & SCCO

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ITZ has been for sometime now on the bullish side of copper. In the ITZ PIX portfolio it is long Freeport McMoran $FCX, Southern Copper $SCCO, along with seveal other metals positions. Yesterday- Stillwater Mining announced a $487 million in cash and shares to buy Peregrine Metals Ltd. (PGM) owner of a copper and gold project in Argentina. Management states it is a diversification move, ITZ sees the move as a positive for copper in coming months. Story

Past Itz Copper Posts

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