Copper is screaming as it, once again, forecasts improved economies. Copper is a relatively small markert, compared to equities and/or bonds, so as everyone crowds-in the price fluctuations can be severe. Best equity vehicles remain Freeport-McMoran, (FCX) (I own the convert preferred (FCXprM) as well as Southern Copper (PCU). The latter suffers from being in Peru. Peru’s stock market has soared this year but the country’s work force remains unstable. PCU offers a yield of 5.8%.
