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Friday, October 3, 2014

Time to start picking at this gold play

Look, there is no denying that gold and silver have been under tremendous pressure for two years in a row. In fact, in the last 30 days alone gold is down 6% to $1213 per ounce and silver has been decimated, down 12.8% to $17.00 per ounce. In turn, there has been immense pressure once again on the miners. However, this pressure does create opportunities to get long some of the quality names in the sector as we wait for a turnaround in precious metals. Right now, I think Goldcorp (NYSE:GG) is looking very compelling. In the last 30 days, Goldcorp has also dropped 12.5% While the selloff in metals may not yet be complete, in this article I will discuss why I think it is time to consider Goldcorp at current levels......CLICK TO READ FULL ARTICLE

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