Goldcorp, Inc. (USA) (GG)

saunafool (92.55) Submitted: 9/25/07 12:48 PM : Start Price: $29.59 GG Score: 16.77

Gold is at record high prices. There are many reasons for this, but the foremost is that the dollar is going down the tubes because the Fed has been running the printing presses at full speed for quite some time.

With the recent half point cut, the Fed signaled that they are going to inflate American's into feeling good about their overpriced houses--the McMansion will still be worth $500,000, but the 500,000 dollars won't be the same as they used to be. The paper dollars will be worth less than today, and gold will be worth a lot more than $720/ounce. All the big gold miners will win.

Report this Post Replies: 1 | Reply