Goldcorps Midas Touch

Forbes Article by BetterTrades

02-10-09 02:55 PM EST

Deficit spending and credit creation are pushing gold toward old highs, and this miner is a great way to ride the trend.

With the White House and the Federal Reserve siphoning cash into the economy at a pace unequalled in history, renewed inflation fears have pumped up the price of gold.

The gold rally has not gone unnoticed at BetterTrades. Hedge bets against inflation have made the precious metal a go-to investment for traders seeking refuge against declining equity prices. Goldcorp, along with other well-positioned gold miners, is in prime position to ride the run up in gold prices.

We take a good look at Goldcorp's fundamentals, including its cash reserves, cash costs per ounce, and its competitive position. The BetterTrades team also examines Goldcorp's technical trends that are forming identifiable trading patterns.

The gold mining sector is offering outstanding safe-haven, riding higher gold prices to stock upticks. We dig deep into the mining segment, centering in on Barrick Gold, Agnico-Eagle Mines, Eldorado Gold, and AngloGold Ashanti.

Equity prices are settling in for a long haul at depressed prices, likely translating to an extended run for the gold play. It's important to be a flexible trader, and by learning about the inverse correlation that gold has with the dollar and most equities, you can stay ahead of the next downturn in the stock market.