As of late, the U.S. dollar has been severely oversold due to the moribund economy. Instead, investors are looking to precious metals including gold.
Steve Halpern of TheStockAdvisors.com stated,
"If I were to buy a gold stock without regard to price, it would be Goldcorp (GG). Recently, it jumped sharply higher due to an excellent record cash flow, a four-fold increase in earnings, and a 100% dividend increase. "
However, he also predicts that the price of gold will retreat to about $1,150. We will see how this affects GG's performance.
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