Goldcorp (GG) is the second largest gold mining company by market capitalization, just ahead of Newmont (NEM) - only Barrick Gold (ABX) is bigger. This stock has been one our best performers over the last six years, and we took some profits in December 2009. Goldcorp is grinding higher towards its 2008 peak of just over $50 per share, when gold was just under $1,000 per ounce. The other large cap miners are also lagging the rise in gold, but when the mainstream investment world finally gets on board, we believe the giant mutual funds will first buy the biggest mining companies like GG for their relative stability. |
“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.” ― Niels Bohr
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