SPDR Gold Trust (ETF) (GLD), Goldcorp Inc. (USA) (GG): Uncertainty at the Fed Could Make Gold a Solid Play

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In the alternative, while entailing greater risk, gold miners offer solid exposure as well. Goldcorp Inc. (USA) (NYSE:GG) may be the strongest of the gold miners – based on the strength of its asset mix and outlook. JPMorgan analyst John Bridges explained that the commodity is a good play for those worried about the continued strength of their currencies; uncertainty over the next Fed share creates just such uncertainty. To that end, Bridges notes that “Goldcorp Inc. (USA) (NYSE:GG) is also one of the stronger companies with one of the stronger balance sheets.” He likes gold over the next several weeks at least. Ultimately, as the battle for the Fed continues, exposure to gold is a solid play that could both protect your portfolio and give you significant upside.

GG Chart

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The article Uncertainty at the Fed Could Make Gold a Solid Play originally appeared on Fool.com and is written by Doug Ehrman.

Fool contributor Doug Ehrman has no position in any stocks mentioned. The Motley Fool owns shares of JPMorgan Chase & Co. 

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