Is Goldcorp Making Money?

Owning and operating goldmines might not be a very good way to make money these days. Miners like Goldcorp (NYSE:

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Insurance Added to India’s Most Popular Digital Wallet

Wallet Insurance will cover Paytm users for losses due to fraud, theft, or loss of phone of up to 20,000 rupees ($311.87), Initiate India reported. There is no charge for Wallet Insurance as long users have the latest version of Paytm installed on their device.

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Investments to Dump in 2017

Gold, gold futures and gold-based ETFs. The precious metal went on a roller-coaster ride in 2016 rising to a high of $1,366.54 an ounce on July 7, but falling to a low of $1,128.90 on December 20, 2016. That is likely to be reported in 2017 with many investors taking big losses. Sinking currency prices in India and China are likely to drive gold prices by reducing the buying power of gold investors in major markets.

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Is Bitcoin a Threat to Gold Mining Stocks?

This sampling shows that the gold-mining industry is already in deep trouble. My prediction is that worse pain is yet to come courtesy of bitcoin. Instead of recovery gold miners face low prices and complete collapse in 2017. Expect some terrible earnings reports for gold miners that will send their shares plummeting in January 2017.

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Does Soros’ Bet on Gold make Goldcorp a Good Investment?

Soros’ interest in gold; should be a tip off that the precious metal is a dangerous and volatile investment. Soros’ made his fortune by making short bets against volatile currencies, stocks and commodities.

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Are Gold and Gold-Mining Stocks Really Doomed?

The logical conclusion we need to make here is that we are at the beginning of a long-term slump in gold. The combination of low interest rates and high stock market returns is taking all the luster out of the gold market, and it is not likely to return any time soon.

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