The Number 1 Gold Stock To Own Today
There is a general belief that the value of gold decreases in terms of market value when the markets are beginning to stabilize, and this does seem to be the case with Goldcorp (GG). There is no reason, however, for people to stray from this company or any others in the same industry, as these companies deal with fungible assets-the original fungible asset, when you really think about it, precious metals. Beliefs that the volume of trading is down seem to be exaggerated, especially considering the fact that the volume is coming from the sellers. In addition, if there is one thing that classical investors always contend, it is the fact that the market corrects itself. This means that the rebound will be “positively smile-inducing, perhaps life-changing.”
Another stock writer indicates that despite its fairly recent problems related to its clean-up operation with the Marlin mine, Goldcorp is in a good position. This is due in part to its investments in the Cero Negro project, which is probably worth the $4 billion price tag that Goldcorp paid for it. Combining this with the fact that it has low production costs, Goldcorp is a good buy right now. Of course, you can also look at the fact that the company is in a good position because of the Federal Reserve’s decision to leave interest rates alone. This decision could weaken the dollar and raise the overall value of gold, which would have a fairly universal and positive effect on gold stocks. To continue reading, click here.