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11 pts

Opinion on  Goldcorp Inc (GG)     Sector: Basic Materials  >  Industry: Gold & Silver
Gold & Silver bull market...again

Jun 28, 2008 01:44 AM UTC
Return Risk
-11.47% MID
Sr. Associate

Gold bulls have come out of the woodwork.  Gold has broken out of tight trading range.  Bernanke can't fight inflation, gold may be the next trade that works.  Across the board.  Here comes the next mini bull market, introducing  Gold, Silver and Mining.  Again.  Don't fight what works.


GG:  This call was made on 06/28/08 @ $46.9
Rating:   Positive   $46.9 (06/28/08)
Closed:   08/04/2008 @ $35.22 (-24.90% in 37 days)
Target:   $65.00 (+38.59%) in > one year


Comments (3)

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Fisheye
D. Porter   34%     1 point   commented 102 days ago reply

Agreed, but may be too expensive for some small timers look into GSS, AGT, PUDC, AUY etc...

DP

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meltdown   N/A     1 point   commented 90 days ago reply

As the Financials fall apart and as panic sets in a cute little "cub" market turned hungry ferocious "BIG DADDY BEAR" overnight, I believe you can't go wrong in GOLD (REAL MONEY), or SILVER, which is the "POOR MAN'S GOLD". Silver Valuations are much lower by ratio than they should be, and it is more affordable to the average little guy, so I like silver better than gold. Additionally, silver may be actually rarer than gold in terms of how much is readily available upon demand for delivery, and much more necessary for industry. Silver coins are even rarer than actual silver bullion. I believe gold and especially silver are in for hube bear market runs any day or week now, as the other markets become more and more volatile due to surging OIL PRICES that don't seem to be ready to go back to $100/barrel range any time soon. The whole economy seems to have been dependent on cheap oil, which is controlled by countries that hate US. Cheap OIL is a thing of the past, as will be paper money (debt instruments) very soon. Run to Real Money.

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wlu8140   81%     0 point   commented 90 days ago reply

One way to mitigate the expense is to use the leverage of a call option. I bought the Aug 50 call today for 4.38. My timing couldn't have been worse, but Aug espiry is still a month away.


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Who voted on this idea?
wlu8140 81% 07/15/2008
Fisheye
D. Porter 34% 07/03/2008



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