Goldcorp, Inc. (USA) (GG)
The Company is engaged in the acquisition, exploration, development and operation of precious metal properties.
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gold is a joke
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Hello USD, bye bye GLD.
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fundamentals of gold is lowest it's ever been. Fear will bring this up again, but who the heck is really buying gold?
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Gold stocks have been great, now it's time for a reality check
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Gold up approximately 20% over the past 52 weeks. RSI over 65% and is overbougjht. Look for a re-test of the $900 short term support level.
Bottom line take a profit & look for a new entry point below $900
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Starting to see late night TV ads on how to get rich investing in gold..... just about the right time for gold to start trending down, down, down.....
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The economy remains weak and I think the dollar will fall rather slowly for the time being. More thoughts on my blog: http://caps.fool.com/Blogs/ViewPost.aspx?bpid=242894
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May and June is usually slow.
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Gold stocks are due for a correction before it rockets to the moon...
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Over priced at current levels. Due for correction.
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Would be closer to fair value at 2.56 than 25.60.
Time Frame needs another option: "Forever!" GMX calls underperform on this Forever!
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Although the long-term trend for the US Dollar is lower (which would indicate a higher price for gold, and thusly for Goldcorp). In the short term the dollar is the most stable currency around, unfortunately, and there should be continued strength in the dollar against the Euro, as well as against commodities.
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Assume gold will start to act like other metals
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Gold will outperform over the next few years, likely, because the Fed is sowing the seeds for hyperinflation; However, this is one of the worst managed miners, and there's no way it's likely to outperform.
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May consider some puts on the crazy run-up. Thanks to GMX and dwot for their insight!
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Got ahead of itself
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Based on reading other fool's opinions. Going to watch how it "pans" out.
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Golminingxpert and Dwot say this is the worst of the big goldminers, hedge fund being forced to flush even more assets to meet redemptions means bad news for gold in the short term....
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wave 5 down in gold is coming... the stocks will be crushed, particularly this dog.
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Inverse yeilds to oil, so oil will fall for a little while than go up again during the heating season.

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