Goldcorp, Inc. (USA) (NYSE:GG)

CAPS Rating: 3 out of 5

The Company is engaged in the acquisition, exploration, development and operation of precious metal properties.

Recs

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Player Avatar jstegma (29.44) Submitted: 8/21/2008 3:54:35 PM : Outperform Start Price: $34.82 GG Score: +5.39

Gold will be back at $1000 soon. We have heard the "all clear" signal several times for the credit crisis, but each time it has turned out to be a false alarm. It's not over yet, and next time the panicky feeling comes around people will head for gold like never before. There is also starting to be a realization that its not just the US consumer who is in over his head on debt - it's also the US Government. I'm not saying the ultimate disaster will come and the US dollar will completely collapse, but I'm just saying that people who expect that to happen won't necessarily be looked at as kooks quite so much. Once you start thinking these doomsday people might have a point, you'd be wise to pick up a few ounces of gold just to be on the safe side in case they are right.

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