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Flash Player 9 or higher is required to view the chart Click here to download Flash Player now See all Bulls Reasons Bulls: Reasons To Buy Gold is a great hedge against inflation 100% agree Gold is a great hedge against inflation As the value of the dollar drops, gold is looking increasingly attractive. View or Edit Reason 2 votes 100% agree Improved results in several mines 100% agree Improved results in several mines Several other mines have had improved results and are being ramped up for greater processing. The downside is that costs at Penasquito and elsewhere have also risen substantially. However the price of gold has risen much higher and much faster then the costs of extracting the... read more View or Edit Reason 1 votes 100% agree Recent Sale of SLW shares 100% agree Recent Sale of SLW shares Goldcorp's recent sale of its SLW shares have deposited nearly $1.5B USD onto their books. This was almost entirely profit as the original SLW shares cost was estimated at around $50M. Wall Street never seemed to give GG much credit for holding 49% of SLW even though SLW is a... read more View or Edit Reason 1 votes 100% agree Add your own Bulls Reason Bears: Reasons To Sell Feeling Bearish? Be the first to explain why this would make a poor investment Send the authors a comment or suggestion http://www.seekingalpha.com/article/52999-gold-reaches-28-year-high-yet-sentiment-remains-lukewarm [Dismiss] [Done] See All Suggestions

Top Contributors Paul Raman www.zacks.com Related Blog Posts » See All Related Posts powered by Wikinvest Wire

Headquartered in Vancouver, Canada, Goldcorp is a leading gold producer engaged in gold mining and related activities including exploration, extraction, processing, and reclamation. The new Goldcorp, Inc. (GG) owns and operates various gold mines - the Red Lake, Porcupine (100%), and Musselwhite gold mines (100%) in Canada, a 37.5% interest in the Alumbrera gold/copper mine in Argentina, the El Sauzal gold mine and Luismin gold/silver mines in Mexico, the Marlin gold/silver mines in Guatemala, the San Martin gold mine in Honduras, La Coipa gold/silver mine in Chile and the Marigold gold mine and the Wharf gold mine in the United States. Goldcorp also owns approximately 49%* of TSX-listed Silver Wheaton Corp., a mining company, which generates 100% of its revenue from silver production. Goldcorp is the world's lowest cost million ounce gold producer. The company has also acquired Glamis Gold Limited (GLG). With this takeover GG will have the best production profile among major gold companies. Production in 2007 is expected to approximate 2.5 million ounces of gold.

• As of Jan. 31st Goldcorp no longer owns their SLW shares. They were dispersed through a secondary offering @$14.50CND per share. Slightly below the market price on that day and well below the ATH around $19 a share. SLW traded down to about the sale price within days of the close of the trade signaling the price was correct. The 108 million shares were distributed widely and now no one entity owns 10% or more of SLW shares. This is seen as a positive for both SLW and GG.

Similar companies include Kincross Gold Company (KGC).

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