Which US presidential candidate does gold prefer?
Gold loves chaos and should be hitting new highs, especially with inflation coming down and with it, two rate cuts likely before year’s end.
Freeport-McMoRan’s 2012 net profit witnessed a decrease of 32% compared to 2011 due to a decline in the production of gold recently announced by the company.
However, industry experts believe that the company will reach a net profit of USD 4.47 billion in 2013, an increase of 45% compared to this year.
Experts estimate that the company will pay USD 1.25 per share in 2012, USD 0.25 less than 2011.
Source (Spanish): El Economista via BrightWire News.
