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.
Read more...

Soros pulls a fast one 03-08-10

Market Update
March 8, 2010
 
Short-Term Key: Negative
Long-Term Key: -86 (Neutral to Negative)
 
-------------------------------------
Inside this week's update...
 
***** Don't listen, watch.
***** Heavyweights lining up for Nova.
***** Oil stocks: opportunities and a pitfall.
------------------------------------
 
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.
Read more...

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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The only safe investment in uncertain times 09-08-09

Short-Term Key: Negative Long-Term Key: +35 Read more...

Extreme Fear Provides Opportunity: 09-18-08

Well, where to start? As crazy as last week was, this week has been even wilder. Here’s what you need to know now about your money.

 

Hope that the credit crisis was moving toward resolution faded with a bang. Instead, the financial crisis accelerated. The turmoil is the worst since the Depression-era 1930s, particularly given the sheer size and impact of the global financial system.

 

Global equity markets collapsed this week as investor fears intensified. In the first three days alone, the Standard & Poor’s 500 tumbled 7.5 percent. before today’s strong rebound.

 Read more...

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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Golden Profits 12-24-08

In light of the market’s wild gyrations in recent months, we’ve decided to introduce a second, mid-week Market Update to keep you apprised of our thinking
 
The evidence continues to mount that we are pulling away from extremes. Among the gloomy picture drawn by most economic numbers, a few scattered data points show that we may not be in such a dire situation as the pessimists think.
 
First, the market itself is beginning to act better. Daily volatility is declining, and the S&P 500 is up strongly from its November lows.
 
Second, the evidence is mounting that some of the liquidity infused by the Fed in our banking system is beginning to spill into the economy. Since the crisis we are living through is addressable with money, it is essential for this money to find its way from the banking system into the hands of people and into companies’ coffers. This is beginning to happen, with M2 on the sharp rise again.
 
Third, retail sales don’t look as grim as unadjusted numbers indicate. Underneath the surface there’s some consumer strength, especially if you exclude gasoline from the reported numbers. With gasoline sales down for a good reason, retail sales will actually be increasing. Overall consumer spending in the U.S. also fell less than was forecast.
 
There are also signs of commodities bottoming.
Read more...