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Goldcorp Inc. Message Board

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  • tomson.antony tomson.antony Nov 2, 2012 1:57 AM Flag

    Market Watch is positive on GOLD

    Accurate forecast for Gold by
    **I Know First system** from August 21 in this thread.
    Good Trading!

    Sentiment: Buy

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    • One of the best way to value gold is to value it relative to other assets such as stocks as measured by the S&P 500 Index, other precious metals such as gold, other commodities like oil, or the money supply just to name a few.
      Gold is reasonably valued relative to stocks and a bit overvalued relative to oil, but is undervalued relative to silver at least based on its recent relative valuation and is very undervalued relative to the monetary base and the global money supply.

    • Barrick Gold is easily the world’s largest gold producer, but it's no longer no. 1 in market cap, where Goldcorp has supplanted ABX as king in the gold sector. ABX boasts the most mines and the most reserves, but GG has the better growth profile, and enjoys lower costs and higher margins than ABX. Yet some analysts say GG,

    • Speculating Bernanke has taken the lead in exit polls, ZH notes gold has gone vertical in the past few minutes (chart). GLD +2%. SLV +3.1%. Oil is on the move as well, USO +2.6%.

 
GG
16.82+0.22(+1.33%)May 31 4:02 PMEDT