This company is called Goldcorp...not "CopperCorp"
Sure, Copper will suffer the next year or so, but people will be flooding to buy the Gold companies as panic hits the streets.
People are starting to jump off buildings again. Crazy thought, but true.
Did you hear about the suicides too?
People just can't see 2 feet in front of them.
They couldn't see the US Housing collapse, like they couldn't see all the other Financial crap comming.
WAKE UP!
We are surely in a different time zone here.
What else are you going to do?
Listen to all those analysts?
Listen to yourself.
Where are we going from here?
Answer? Not to far.
A little more down, then sideways for a couple of years.
But Gold should do better, don't you think?
I still think Oil will do better, but not when economy is collapsing all around us.
I hate to sound like a worry wart, but I have been in the Golds the past 5 years.
WAKE UP! Forget about holding 5% in Golds.
Bump it up to 25%.
If you are American, bum it up to 40%.
Your US dollar will break sooner then you think.
If you have US $'s, convert them now!
Wake up people!
I think people should consider the following: G, IMG, SSO, K, ABX, ELD and the Horizon ones too: HGU and HBU.
Sure, your BBD.b and your RCI.b will hang in there, but won't get a 100%+ pop in the months ahead.
I would also re-enter the Oils, when we get below $60/barrel in the next couple of months.
Remember, it's going to take months/years before things improve, so place your bets accordingly,
ps. I posted this on Goldcorp bullboards, as I think this one will surely double before the rest.
...later