SPDR Gold Trust (GLD)

[NYBob]

Goldcorp Inc (NYSE: GG)


This is another Canadian based company that is engaged in gold mining and
related activities including exploration, extraction, processing and
reclamation.
The monthly chart of GG is very interesting. Its price is involved in a
tug-o-war between bulls and bears settling between 12-15 at the apex.
Something will have to give, and likely in the near term.
Again, if gold breaks out, Goldcorp is expected to provide leverage to the
upside.
Its bullish case: price will break above to challenge 19-20 and further
north of 29 and even 56, which is many multiples of today’s price!
The bearish case: price would be breaking down and proceed to challenge
9.5, and previous major support sits around 5.3.




Please do your own due diligence before making a decision to invest.

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Gold’s 2018 Upside Target Is $1,500 As Uncertainty Dominates Markets - GFMS


http://www.kitco.com/news/2018-05-08/Gold-s-2018-Upside-Target-Is-1-500-As-Uncertainty-Dominates-Markets-GFMS.html


Undervalued Gold Producers Have ‘Explosive’ Potential – Former Bear Stearns Analyst -


http://www.kitco.com/news/2018-05-07/Undervalued-Gold-Producers-Have-Explosive-Potential-Former-Bear-Stearns-Analyst.html


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140545750


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