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Goldcorp Inc. Message Board

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  • mardermj mardermj May 28, 2009 3:15 AM Flag

    Anyone Currently Bullish on GG?

    The 200 day moving average is 31.

    This company is about to have another blowout quarter, has the tailwind of inflationary expectation, and is also hinged on a decent economic resurgance.

    It's headwinds include rising yield and the same dead cat bounce logic marring the market.

    At anything less than 33 it would be a screaming buy which forms a floor.

    Sorry, but retracement to fill gaps is true if the scenario plays out long enough.

    As gold approaches $1000 for the third time, there is headwind, but, that isn't the only place to find money. Costs are tumbling too.

    See you at $40 by end of June. For now, the one day up and down retracements are great for daytraders, but the trend is higher.

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