Goldcorp, Inc. (NYSE:GG) -- Bi-Monthly Update
Goldcorp. is one of the better Gold Mining Companies and had been cut in half, price wise in the past couple of years. Forecasting has been easy but with earnings improving my Hold-Cash Opinion could change. I said "could change" - - and that is not a suggestion to Buy.
Each week I do a complete study of all my High Profile Basic Materials / Gold Mining Companies - - Indexes, Companies and ETFs. This is a study that is more than a treat for me to do because I get to update and explore Companies like (GG). Each time, it continues to support my Methodology of "Investing Wisely."
My objective is to identify changing trends for my Forecasting Analytics. Simple stated, I want to have current notes to quickly refer to on the anticipated direction of this Sector and Industry Group.
A Special Note for Seniors & Retired Investors - Dividend Yield: 2.40%
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This week's Commentary on - Goldcorp, Inc. (GG) - covers all of my Indicators, both Fundamentally for Valuations and Technically for Momentum. There is much to cover to provide my best possible Forecast and Opinion.
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The Difference Between You and the Pros: Clearly you should be profitable and making money by owning Goldcorp. Via my Emails, I have found that many Investors are struggling with other securities they are holding. I have offered direction to hundreds of Investors and can share with you why you are perhaps holding losing securities and provide a conservative and low risk remedy.
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Forecast & Opinion from my Study / Analytics:
Goldcorp, Inc. and other Gold Mining Companies are tracking well. Unfortunately that is quite negative to date. Although (GG) is in a strong Pull-Back (despite the current rally) it is always an excellent contributor to my Analytics.
My Forecast is not as bright as you are likely being advised! (I will be more specific upon request).
If you own or are considering owning Gold Mining Companies, the securities are definitely a mixed bag that you do not want to deal with at this time. Goldcorp, Inc. is currently WEAK Technically and I have reservations about my Fundamental Valuation, therefore I have placed it on and it remains on a Strong Bearish Forecast - "Warning."
My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (GG) are not bad but not as positive at perhaps you are being told by other sources. Plainly stated they are improving but way too negative to consider ownership.
My Opinion is to HOLD-CASH in anticipation of Buying. When? Not in the foreseeable future.
Fundamentally: My Analytics (weighting) for my Fundamental Valuation play a vital role in profitable managing money. At this time my Valuations of (GG) are not as positive at perhaps you are being told by other sources. Plainly stated they are Improving and then Descending again. This does not make for a positive fundamental valuation of any Company.
Technically: Even with this fine Company, my Indicators are notably breaking down. It is only currently slightly off its 2011highs of $54. selling for $25. The next rally is coming soon and that will tell a compelling story as to the future direction of the price of (GG).
I will personally and promptly reply to any serious investor's inquiry as to my very cautious position for (GG) !
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A Twenty Year Perspective of Goldcorp, Inc. (GG)
It has NOT always been like you are being told by so many who do not take the time to do their homework and "Invest Wisely." Goldcorp, Inc. (GG) has taken some big hits over the years.
URL for (20-years of -(GG): http://stockcharts.com/h-sc/ui?s=GG&p=W&yr=20&mn=0&dy=0&id=p53934944110&a=316931588
A Rather Unique Chart / Graphic on (GG):
URL for this representation of - (GG): http://stockcharts.com/h-sc/ui?s=GG&p=W&yr=1&mn=6&dy=0&id=p24665430519&a=316665141
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Here are a number of the Component Companies / Peers in the Gold Mining Industry Group that I focus on rather frequently: GG, ABX, KGC, AUY, NEM, IAG, EGO, GFI, ANV, AU, HMY, BTG, AUQ, NG, AEM, BAA, GOLD, RGLD, SA, SAND, NSU, RBY, TRX, FNV.
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