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If you acted on our recommendation of moribund miner Freeport-McMoRan Inc. (NYSE: FCX), you’re really cashed in – and cashed in big.
Since we brought you this recommendation back on Aug. 29, Freeport’s share price has zoomed from $10.64 to $13.40 – a gain of 26%.
If you annualize that gain, you’re talking about a profit of roughly 240%.
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Tom Gentile is one of the world's foremost authorities on stock, futures and options trading.
Silver prices have been sensitive to activities in the futures markets, with prices moving almost perfectly opposite to the amount of short contracts speculators hold.
This week, the U.S. Commodity Futures Trading Commission released data that shows that silver contracts are mounting coming off weekly lows.