Trade

I bought GG (Goldcorp) today. Why? Because it seems to me that the trend of some FCB's such as Australia and New Zealand raising interest rates is over. Both of those economies are now suffering from housing price drops and slowing economies. Europe and Great Britain are also suffering from weak consumer spending and popping housing bubbles.

I bought GG for two reasons: 1. Gold seems the best way to play falling world interest rates in a time of high inflation. 2. GG has the most growth potential of any major gold company. Gold ounces produced are expected to be up 30% this year. 3. Bonus: Goldcorp has one of the lowest cost for ounces produced. They may be the most leveraged against the price of gold of the major miners.