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Goldcorp Looks Like a double Win

|Includes: Goldcorp Inc. (GG), GLD
Charles Jeannes, CEO of Goldcorp (NYSE:GG) (visit their website ) sees an all time high for the yellow metal of $1,050 by the end of the year. His Canadian company is the world’s leading low cost, unhedged producer of the barbaric relic, with major assets in Guatemala, Honduras, Mexico, and Argentina. Gold production has been dropping steadily for the past five years, and this will accelerate, as there are few attractive ore deposits in the world to develop. South African production has fallen off a cliff. With the US government expected to continue flooding the financial system with debt for many more years, the universe of buyers looking for an inflation hedge is growing relentlessly. We are just entering a seasonally strong part of the year for gold demand, with the beginning of the Indian wedding season and the run up in jewelry buying for Christmas presents (GUILTY). India is the world’s largest gold importer. Rising standards of living in emerging markets are also providing a long term structural increase in demand. With an average production cost of $299/ounce, the outlook for GG looks particularly golden