Cramer's Wild Bull Mineral Plays
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Date updated:05-30-2007

On Tuesday's "Mad Money" TV show, Jim Cramer took viewers to the six "wild bull markets."

Right now, he said, the Federal Reserve is on hold, and the economy, while "anemic," is not in a recession. And during economic weakness, the wild bull markets should be the first to recover, Cramer explained. Right now there are six wild bull markets.

One of those is in the minerals market.

symbol name last price % change open
  • +
  • FCX
    Freeport Mcmoran
  • $79.87
  • -4.69%
  • $84.43

The mineral space is a bull market for copper, nickel, lead and basically "for anything the Chinese use." Freeport-McMoRan (FCX) has two minerals for the price of one, and Cramer said he's been buying it for his charitable trust.

People owning FCX also tend to own: ACIAINVANRAPCBBDBTUCHK

TheStreet.com Rating: D What is this?

  • +
  • LMC
    Lmc
  • $0.00
  • N/A
  • $N/A

The Chinese need more copper, and gold is a good hedge against inflation, he said. He named Lundin Mining (LMC) as a runner-up in the mineral sector, but he said he would only buy it when its Tenke mining deal closes at the end of June.

People owning LMC also tend to own: BENCCAKECHSCMCSAFRGGS

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