Both gold and its mining namesake began this week by strutting their stuff.
Gold rocketed to yet another all-time high (nominal) price above $1,140 per ounce Monday, while the U.S. dollar flirted dangerously beneath the 75-handle on the U.S. Dollar Index (USDX).
Meanwhile, the aptly named Goldcorp
As Jeannes points out, focusing pipeline development efforts in proximity to existing operations can offer important synergies to miners, and an operation of Penasquito's scale accrues no shortage of equipment, local expertise, and skilled workers that can significantly enhance the efficiency of development efforts. Fools will recall that Barrick Gold
Sweetening the 41% premium offered to Canplats shareholders, Goldcorp will also toss 10 million Canadian dollars and some additional Canplats properties into a new exploration company that it will spin off from the deal. The progenitor of Silver Wheaton
Finally, Goldcorp moved one step closer to the 22.4 million ounces of gold buried beneath its Pueblo Viejo joint venture with Barrick Gold, as the president of the Dominican Republic issued a resounding statement of support for the project. Although "peak gold" strains the growth prospects for major miners as a group, prompting Foolish interest in the new Market Vectors Junior Gold Miners ETF
Gold is a hot topic on the blogs at Motley Fool CAPS. Join the free service today and see just how many Fools are taking the long view when it comes to investing in gold. The "Gold" tag at CAPS lists 47 potential investments, and you'll find Christopher's comments on most of them.
Fool contributor Christopher Barker can be found blogging actively and acting Foolishly within the CAPS community under the username TMFSinchiruna. He tweets. He owns shares of Kinross Gold, Pan American Silver, and Silver Wheaton. The Motley Fool has a disclosure policy.