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A Golden Opportunity for Stock Market Investors History is repeating itself today. America is again having issues addressing its monetary policy, while most economists view the dollar as being weak and likely to get even weaker as a result of spiraling deficits and a slowing economy. In that sense, the price of gold is very often a result of psychological shifts. For some people, gold is a material used for making jewelry. For others, it is the worlds original currency, and thus the only real protection against inflationary pressures, financial bubbles, and even global economic meltdowns. The most fervent gold bugs run to it every time the U.S. economy teeters on its path to recovery or when foreign investors threaten to call in the U.S. massive loans. For the first time since the 1980s, the worlds economies (particularly Western economies) are growing and faltering almost in tune with one another. There are indications that this positive correlation will continue well into the next decade. Generally, this spells good news for producers of basic commodities, such as agriculture, copper and oil. Investors should remember that gold and silver were the worlds first true money and, when paper money starts depreciating, the precious metals tend to resume their historical role as currency. Freely floating currencies are by default unstable and, since there are no reassurances in tangible assets, paper money is inherently prone to losing its value. In addition, both the worlds gold and silver supplies are running out. So, those companies with large resources of both mined and in-ground precious metals will be the big winners in the commodities bull market that is shaping up before us.
The simple truth is that gold is a trustworthy and realistic investment instrument that should be in every investors portfolio.
The time seems to be right for picking precious metal stocks, as the renewed momentum of the bullish reign in commodities develops. Some observers go so far as to claim that we could expect another 10 years of a commodity price boom. The simple truth is that gold is a trustworthy and realistic investment instrument that should be in every investors portfolio. Golds traditional role as a safe haven has made it the underdog in the world markets an investment that people turn to only when the stock or bond markets arent performing well, or when monetary policies are running amok. It is high time to move gold from its apocalyptic pedestal and accept it as a credible and realistic investment vehicle. This brings us to the only gold stock that we believe you need to own for the next decade. This company is a leader in the gold industry and it is the gold investment of choice for most portfolio managers. Since the subprime mortgage crisis, this companys stock price
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Ratings Index
Speculative Buy: A buy recommendation for a stock with high investment risk. Enthusiatic Hold: Keep holding your position in this stock; company and stock prospects look great; maintain a moving stop-loss limit. Hold: Keep holding this stock; maintain a moving stop-loss limit. Sell: A recommendation to sell or take profits from a stock. Radar Screen: A recommendation to begin watching the trading action in a particular stock.
A Golden Opportunity for Stock Market Investors has done very well, carried by a strengthened balance sheet, and the company does not hedge its selling gold prices. This stock has already corrected, so now is the time to be considering a new position. This company firmly believes in its product and sees no need to hedge against the price of gold depreciating. It is growing internally and by acquisition. The company we are talking about is Goldcorp Inc. (NYSE/GG), which we believe is the only stock that you need to own for the next decadea truly golden opportunity for stock market investors. Finally, Goldcorp is one of the worlds lowest cost and fastest growing multi-million-ounce gold producers. The company has a strong and liquid balance sheet and does not hedge its gold production.
About Goldcorp
Company History
Goldcorp is one of the worlds leading gold producers. The companys main assets are comprised of 11 operations and six development projects throughout the Americas. Over 70% of Goldcorps reserves are situated in politically stable NAFTA countries. According to the company, in 2006, it doubled its reserves and resources from five million to 10 million ounces through the acquisition of assets from Placer Dome and Glamis Gold Ltd. Gold production is forecast to increase by over 50% over the next five years. The company has a solid pipeline of projects, including the 100%-owned Eleonore gold project in Quebec, Canada, and the 100%-owned Peasquito project in Zacatecas, Mexico. These two assets, along with several others, are expected to be the growth drivers for the company over the coming years.
Senior Executives
Charles Jeannes, President and CEO Lindsay Hall, Executive VP & CFO Steve Reid, Executive VP & COO
Directors
Ian Telfer Charles Jeannes John Bell Larry Bell Beverley Briscoe Peter Dey Douglas Holtby Randy Reifel Dan Rovig Kenneth Williamson
Head Office
Park Place, 666 Burrard Street, Suite 3400 Vancouver, BC, Canada V6C 2X8 Tel.: (604) 696-3000; Fax: (604) 696-3001
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These gold sales generated total first-quarter revenues of $844.3 million, representing a 34% increase as compared to the same quarter in 2009. Goldcorps net earnings attributable to shareholders were $828.3 million, or $1.13 per share, as compared to a loss of $231.6 million, or ($0.32) per share. Adjusted net earnings were $198.8 million, compared to $99.2 million. Operating cash flows were $382.6 million, as compared to $263.6 million.
strings attached. For example, retail mark-ups on gold coins and bars are hardly ever fair, while exchangetraded bullion, even in rising markets, doesnt appreciate in price as fast as gold stocks do. While generally favoring gold stocks, we view Goldcorp in particular as a Strong Buy, because we see this stock bringing value to your portfolio for years to come. Well go even so far as to say that this stock is the only one you will need to own for the next decade! Without a doubt, for those investors looking to hedge their portfolios with gold exposure, Goldcorp deserves to be at the top of the list.
...we see this stock bringing value to your portfolio for years to come.