Keep in mind the facts as we move through these volatile bursts of ups and downs. It's bound to happen at this stage in the game as speculators run for the exits and entrances. Buy weakness and sell strength if you can stomache it.
What do we know?
-Goldcorp bought near 10 % of cyp 3 yrs ago for .65 when gold was 700ish
-Goldcorp bought the next door neighbour for 13 bucks a share, 1.4 billion $ purchase
-Gold price long term has fundamental support as the gold price has quadrupled since 2001 and yet world annual production continues to decrease yrly as they just can't find enough gold to effect supply/demand.
- depth of cyp drilling/property is a mute point because Goldcorp is sinking a shaft to that level a few hundred yards away so if GG buys cyp out they will be going sideways not down to get the gold.
-Jr gold miners have been in a slump since dec 2003 per leverage to the gold price so their day in the sun is coming due soon if history ryhmes a bit.
I am holding for a winfall, it may take a lot of patience unfortunately.