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Goldcorp Inc. Message Board

  • bbandassoc bbandassoc Oct 15, 2012 9:17 AM Flag

    Lower and Lower

    Already acknowledged that I am short since above $47 on average, but the lower gold prices in combination with the lower production and higher production costs would seem to be the perfect storm for continued decline in GG IMO.

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    • Perfect storm is only in the movies. There is a gold union strikes in South Africa and they are having problems resolving the strike, which is bringing down gold. When the strike eventually gets resolved, gold will be back up again. This could be a good time to buy, but you would have to follow the events of the strike to determine if this is a good time to buy or to wait. GG could go down more, based on the events of South Africa, eventhough, GG does not have exposure to African gold. Gold in general will be back over 1800 as fast as you can say Bob's your Uncle.

 
GG
16.20-0.16(-0.98%)Jun 30 4:06 PMEDT