During the last year, we have been recommending our readers to diversify using an old friend of us (commodities).
Our current recommendation Goldcorp, Inc. announced that it has declared its seventh monthly dividend payment for 2008 of $0.015 per share.
Controlling about 45 million ounces in proved and provable gold reserves, Vancouver-based Goldcorp NYSE: GG, ranks among the top five gold companies in the world. So far in 2008, it has paid to bet on the gold sector, with the Gold Bugs Index rallying more than 10% since the beginning of the year, compared to the S&P 500 Index's (SPX) loss of more than 15%.
But Goldcorp has outperformed even the stellar returns in the gold sector as a whole, advancing more than 230% since 2001. During this time-frame, GG has enjoyed the solid support of its 10-week and 20-week moving average, and is now poised to challenge overhead resistance at the round-number 50 level. Goldcorp (GG) has been making a big move up this year so far. Remember, it is important to diversify your portfolio with some Gold but still do not put all your money in it.
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Asian shares set to dip as oil tops $100
SINGAPORE -- Asian stock indexes were headed for a flat to weaker start on Wednesday after a jump in oil prices to a record high above $100 a barrel renewed fears about consumer spending and economic growth
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NEW YORK — Shares of European banks traded on U.S. exchanges moved higher Tuesday, with shares of Barclays Group PLC of Britain rising after it reported a small increase in write-downs for the fourth quarter.
Barclays led the gainers in the sector after it reported a write-down of 1.6 billion pounds, or $3.12 billion, in credit losses connected to the U.S. subprime mortgage market. That was up only slightly from its 1.3 billion-pound ($2.53 billion) write-down in November. Barclays said its full-year profit fell 3 percent.
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