-->Irgendwie bekomme ich in der Vorweihnachtszeit gar nichts mehr mit... Ist ja wohl ein sehr negatives Zeichen, oder?


Reuters
UPDATE - Goldcorp sells gold stash, bullion, stock fall
Wednesday December 10, 6:27 pm ET
By Nicole Mordant


(Adds Goldcorp comment, closing share price. Amounts in U.S. dollars unless noted)
VANCOUVER, British Columbia, Dec 10 (Reuters) - Goldcorp Inc. (Toronto:G.TO - News) handed investors a double-edged sword Wednesday, announcing an unexpected dividend, but the stock and bullion tumbled because the payout will be funded by the sale of its gold stash.

Arguing that gold is money, price bull Goldcorp had built up a pile of nearly 270,000 ounces of bullion over the past two years by holding back some of its own mined metal as well as buying on the open market.

But on Wednesday the company said that since September, it had sold the entire cache, an amount equal to the annual output of a mid-sized miner, to take advantage of strong prices.

Goldcorp was emphatic that gold was not yet near its peak and that it was once again hoarding, but analysts said the sale might send a signal to the market that the Toronto-based gold miner believed bullion had topped out.

"In my opinion, the market should have expected this. But does it send a bearish signal? Probably," said Haytham Hodaly, an analyst at Salman Partners in Vancouver.

Bullion, which set multiyear highs on Wednesday of more than $410 an ounce, fell after Goldcorp.'s announcement.

Spot gold closed at $405.80 in New York, hurt also by a lack of further gains in the euro against the U.S. dollar. A stronger euro makes dollar-priced gold cheaper to buy.

Goldcorp's stock tumbled along with bullion. It ended down C$1.29, or nearly 6 percent, at C$21 on the Toronto Stock Exchange (News - Websites), on a gold board bathed in red and down 6 percent.

REBUILDING ARSENAL

The firm, which in the past liked to trumpet that it owned more gold than the Bank of Canada, said it had already begun to rebuild its gold inventory and would again hold back 10 percent of production as it believes bullion will rise more.

"If we truly believed gold was going down we wouldn't be doing this," said Chris Bradbrook, Goldcorp's corporate development director.

The gold sales demonstrated Goldcorp's hold, buy and sell program could boost value for shareholders through higher earnings and dividends, he said.

Calling it a"holiday gift," Goldcorp said investors would be rewarded with a special dividend of 10 cents a share paid from the $40 million in pretax profit the gold sale garnered.

The sale will add 13 cents a share, after tax, to earnings this year, the company said.

"As a result of our strategy, we are now forecasting both earnings growth and record earnings for 2003," Goldcorp said.

The firm, which mines most of its gold from the rich Red Lake deposit in Ontario, said it had sold the gold at an average price of $388 an ounce this quarter.

That was $72 an ounce more than it would have received if it had sold the metal at the time it was produced.

"Gold is in a bull market and we aren't going to impact it," Bradbrook said."We are there as a gold company and are going to benefit from it."

($1=$1.31 Canadian)

-->But on Wednesday the company said that since September, it had sold the entire cache, an amount equal to the annual output of a mid-sized miner, to take advantage of strong prices.

Strong prices, aha.

-->.. wenn Goldcorp wieder den richtigen Riecher haben sollte, dann ist das doch wirklich ein schlechtes Zeichen.
Goldcorp. war doch so eine Art Aushängeschild-Aktie für alle Goldfans. Russel hat sie aufgrund der phys. Reserve ebenfalls massiv empfohlen.
Emerald, Du warst doch auch sehr positiv für Goldcorp. Hast Du jetzt alle verkauft. Zeigt aber einmal mehr, daß man sich nie zu sicher sein darf. So schnell kann das gehen...
Spieler

-->...zu haben, zumindest für dieses Mal. Aber falls wir tatsächlich am Beginn einer großen Hausse stehen, sollte man es einfach mit Kostolany halten und nicht immer nachschauen...
:-)
Ich wünsche euch allen wenig Vorweihnachtsstreß
Amber

-->...wg. kurzfristigen Geldbedarf *lol*


Reuters
UPDATE - Goldcorp dives as CEO sells 40 pct of his stock
Wednesday December 17, 1:20 pm ET

(Recasts with analyst comment, share price, background.
Changes dateline, previous Montreal. In U.S. dollars unless
noted.)
VANCOUVER, British Columbia, Dec 17 (Reuters) - Goldcorp
Inc. (NYSE:GG - News; Toronto:G.TO - News) was the worst
performing stock on the
Toronto gold board on Wednesday, sliding 4 percent after news
that the company's chief executive had sold $28.4 million worth
of stock in the Canadian gold producer.
Goldcorp said Rob McEwen, who is also the chairman of the
Toronto-based miner, sold 5.5 million of his Goldcorp shares on
Tuesday in a sale he said was necessary for his personal
financial needs.
The stock sold represents about 39 percent of McEwen's
holding in the mid-sized gold producer. It leaves him holding
about 8.5 million Goldcorp shares -- about 4.5 percent of all
the stock in the company.
Shares listed in Toronto sank as low as C$20.25 but by
early afternoon had recovered slightly to C$20.58 -- a loss of
62 Canadian cents, or 3 percent.
"Some people are probably taking the same view as Rob
McEwen -- that it is a good time to sell," said Patrick
Chidley, an analyst at Barnard Jacobs Mellet in New York.
Goldcorp surprised financial markets last week when it
announced it was selling its gold stash, built up over two
years on the belief that gold is a robust investment and as
good as holding cash.
Although the firm said it was already rebuilding its gold
stock, analysts said the bullion sale might be interpreted,
especially by retail investors, as a signal that Goldcorp
believed gold prices have peaked for now.
($1=$1.33 Canadian)

-->... news that the company's chief executive had sold $28.4 million worth
> of stock in the Canadian gold producer.

### Bei den Techis sind die Insider-Sales seit vielen Monaten auf Rekordniveau. Und was passiert? Die Aktien steigen munter weiter.
Nun soll ausgerechnet bei Goldcorp ein Insider-Verkauf ein unmittelbares Top signalisieren.


>... might be interpreted,
> especially by retail investors, as a signal that Goldcorp
> believed gold prices have peaked for now.

### Inhalt/Relevanz dieser Aussage: null. Absolut null.
Einen guten Riecher würde ich denen nicht unterstellen, wenn sie bei durchschnittlich 388 USD verkauft haben, wo Gold seit einigen Wochen über 400 notiert. Die hatten also schon 360 als hoch empfunden.

Nur nicht irritieren lassen von solchen Nonsens-News.
Grüsse von Toni
(hatte noch nie GG im Depot)