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Gold/Mining/Energy : Goldcorp Inc.(G-T)

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To: NYBob1 who wrote (20)	8/8/2007 1:36:53 AM
From: NYBob1	Read Replies (1) of 45

Fed frets over inflation - August 7 -- Gold futures closed with a slight loss Tuesday shortly before the Federal Reserve kept interest rates unchanged as expected and maintained its focus on inflation. Gold for December delivery closed down $1 at $682.30 on the New York Mercantile Exchange. Most of Tuesday's action in gold was once again dominated by a more than resilient U.S. dollar and by market participants who awaited telling cues from the day's Fed meeting. After the close of regular gold trading on Nymex, the Federal Open Market Committee held its target for the key federal funds interest rate at 5.25% for the ninth straight meeting. The Fed repeated that the risk that inflation will fail to moderate is the "predominant policy concern." The Fed said that it still expects moderate growth - in coming months despite volatile financial markets, tighter credit conditions and the ongoing correction in the housing market. The statement is not as dovish as some participants hoped for and the dollar has strengthened modestly in the immediate aftermath and the stock market has sold off sharply - Goldcorp completes $485-million sale to Silver Wheaton - 2007-07-25 16:11 ET - News Release Mr. Kevin McArthur reports GOLDCORP ANNOUNCES COMPLETION OF SILVER WHEATON TRANSACTION Goldcorp Inc. has completed the previously announced sale to Silver Wheaton Corp. of 25 per cent of the life-of-mine silver production from Goldcorp's Penasquito project - for a cash payment of $485-million. The agreement also requires Silver Wheaton - to pay a per-ounce payment equal to the lesser of $3.90-(subject to annual inflationary adjustments) and the prevailing market price per ounce of silver delivered under the contract. "This transaction builds powerful leverage into the Penasquito project," said Kevin McArthur, president and chief executive officer. "We are pleased to have accomplished this without risk, debt or share dilution, while preserving upside potential in this world-class asset." We seek Safe Harbor. Goldcorp Gold $671.10/oz - History often repeat itself - Got GG / G Goldcorp Inc. - Gold Mine Safety? - goldcorp.com Low Gold cost producer in the industry - Goldcorp return 1000% to investors - on the investments last 10 years - tinyurl.com Imo. Tia. God Bless tinyurl.com tinyurl.com Ps. Gold & Silver is Money Standard = not paper, not electronic credits, not chips and not polo-ticz fiatz - 666counterfeitz.

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