Goldcorp

Market Update 03-08-10

Market Update
March 8, 2010
 
Short-Term Key: Negative
Long-Term Key: -86 (Neutral to Negative)
 
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Inside this week's update...
 
***** Don't listen, watch.
***** Heavyweights lining up for Nova.
***** Oil stocks: opportunities and a pitfall.
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With so much spin these days, it's important to pay closer attention to what people do rather than what they say. Case in point: George Soros' recent behavior regarding gold.
 
A couple of weeks back, the hedge fund manager made headlines by suggesting gold was in a bubble – implying that investors should lighten up on their gold holdings.
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Market Update 09-08-09

Short-Term Key: Negative Long-Term Key: +35
 
The big question remains: will we experience inflation or deflation in the months ahead? The good news for investors in gold is that it doesn't really matter. Precious metals will do well in either scenario.
 
True, we have seen gold move more or less in step with the market of late. But the yellow metal has taken bigger strides. Despite the recent rally, the 12-month return for the overall stock market is negative 17%. Whereas, shares in gold miners - as measured by the Philadelphia Gold & Silver Index (XAU) – have gained 35%. That's a 52% outperformance for gold stocks.
 
Today, gold broke through the psychologically significant $1,000 mark for the first time since February. We're not surprised by this move. And while gold may pull back a little in the near term, we have little doubt the metal of kings will seek much higher heights before too long. In fact, we have far more faith in gold today than we do in the stock market or the economy.
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Market Update 09-09-08

The rout in commodities and equities continues. No doubt you're feeling the pain from the water torture that this deep correction has wrought every bit as much as we do. Unfortunately, declines such as the one we're experiencing can be deeper and go on for longer than one would reasonably expect. However, we take comfort in the knowledge that the secular bull market in commodities remains in place and that the downside risk from here is dwarfed by the upside potential in the coming months and years. You should too.  

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