The price of gold continues to march upward. It appears that never-ending government spending makes investors a bit nervous about the dollar. Gold is close to breaking through the $1,100 barrier and some experts think it could rise to $1,300.
One of my favorite ways to play gold is Vancouver-based Goldcorp (GG). The company came out with its earnings report yesterday and they earned 19 cents a share (excluding foreign-exchange loss) which beat the Street’s estimates by two cents a share. The company also boosted this year’s production forecast to 2.4 million ounces from 2.3 million. Goldcorp also reduced its cost guidance from $345 an ounce to $300 an ounce.
Goldcorp remains a very solid buy, and here are five more of my top-rated gold stocks.