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.
The weak dollar has been a boon for gold producers, pushing gold
metal prices to record levels recently. Some analysts are calling for
the dollar to reverse course, but until that really starts to happen,
the “trend is your friend” in gold.
Some analyst say that the Dow Jones Industrial Average is currently
roughly 11, 12 times the price of gold and historical trending
indicates that gold is going to go higher still.
As we can see from the above chart gold has outperformed the Dow Jones
Industrial Average Index in dramatic fashion since 2001. Gold has
gained 228% and the Dow Jones Industrial Average is only 13.4%.
Our Second Pick is Petrobras (PBR)
Compared with the Dow Investing in Petrobras since June 2006 you will
had a 220% return on investment compared with the Dow a simple 4.7%
Buying Petrobras today is like having the opportunity to invest
in Saudi Aramco 40 years ago. Petrobras have been in the news recently
not only for their recent strikes but also for recent discoveries of
reserves in the ocean. Petrobras (PBR) could become one of the world’s
top three oil companies, and sees a potential 25% stock price gain this
year. That’s after shares doubled to $60 to $70 since 2007. Petrobras
is so confident that its Tupi oil field contains five to eight billion
barrels of oil that it’s already contracted ships for drilling.
We will continue the recommendation of this ADR (International Stock)
for our portfolio. Current price is fluctuating between $60 to $70 USD.
Deep water drilling is three times more expensive than sand drilling, and Brazil isn’t yet a “pure net oil exporter.”
Juan Muñoz
ADRTraders.com
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