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Gold stock to sell #4: Goldcorp (GG) |
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| Sep 13, 2009 04:00 PM UTC |
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Tracked Blogger
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Via BloggingStocks:
Filed under: Goldcorp Inc (GG), Stocks to Sell
Add Goldcorp Inc. (NYSE: GG) to the list of overvalued gold miners. At $40 per share, GG now trades within spitting distance of previous highs. Those highs were attained at the end of an expansionary period, not at the beginning. Continue reading Gold stock to sell #4: Goldcorp (GG) Gold stock to sell #4: Goldcorp (GG) originally appeared on BloggingStocks on Sun, 13 Sep 2009 11:00:00 EST. Please see our terms for use of feeds. Permalink | Email this | Comments
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Imagine what happens to gold mining stocks if gold were to trade for less than $500 per ounce? It would not be pretty. These stocks are priced to perfection and beyond. That is why they should be sold.
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