"Goldcorp (GG) recently posted very solid results; but even more important, is the powerful pipeline of major projects," notes resource expert Adrian Day.

The editor of The Global Analyst continues, "Indeed, a major expansion at a planned mine development will benefit not only Goldcorp, but another one of our recommended holdings, Canada's Virginia Mines (VGQ).

"At Goldcorp, the expansion of its major projects will, in aggregate, boost the company's output about 70% by 2015. In addition to the successful ramp-up at Penasquito, and ongoing construction at Pueblo Viejo in the Dominican Republican, the company announced significant improvements at a major project.

This post is one in a series in which more than 60 newsletter advisors share their Top Stock Picks for 2011. This special report is courtesy of TheStockAdvisors.com.

"Gold was the hot topic in 2010. Since the underlying factors that pushed prices to new highs have not changed, I expect my long held target of $1,600 gold will be realized in 2011," says resource stock specialist Curtis Hesler.

The editor of The Professional Timing Service explains, "In fact, I expect that upside target of $1,600 will be woefully short of the mark. And my favorite gold stock for 2011 is Goldcorp (GG).

"China, India, and Russia have been overt in their desire to accumulate significant quantities of gold as an alternate currency reserve," says resource specialist Curtis Hesler.

The editor of The Professional Timing Service explains, "I do believe we are seeing this process in effect, and it is acting to put a floor on the downside price of bullion.

"From a purely technical point of view, we should see gold decline back to at least the June highs of $1,260. An outside target would be $1,150, but I don't think our foreign friends will wait that long to jump in and counter sellers.

Gold continues to climb to record highs on Wednesday, boosted by the Federal Reserve's comments that it would continue to ease monetary policy, if needed, to aid the U.S. economy.

While the announcement sent the dollar lower, investors moved into gold and silver, sending gold prices up to $1,296 at one point. The yellow bullion has been a terrific investment this year, with Gold ETFs up about 16%. That beats stocks and bonds.

But what else can investors do to profit?

"Gold has most likely put in its lows for the current correction. We are now well-positioned to profit from the anticipated move and will look to be fully allocated on a move above $1,220," says metals sector specialist Jason Hamlin.

The editor of Gold Stock Bull explains, "Gold stocks are on sale at the moment and have explosive potential if this year ends as expected. As such, I've made a new addition to our portfolio, Goldcorp (GG), a company that I believe to be best-in-breed among major producers.

This post is part of a special report, Top Picks for 2010, the 27th annual survey in which TheStockAdvisors.com asks the nation's leading advisors for their single favorite stock for the new year. See all 80 stocks listed here.

Curtis Hesler has accurately forecast both the longer-term uptrend in metals as well as the more recent pullback in gold. But he believes the setback will be temporary.

In his The Professional Timing Service, he suggests, "It is time to focus on upcoming buying opportunities in precious metals." Here, he looks at Goldcorp (GG) as his top pick for 2010.

I expect gold to eventually reach at least $2,300 per ounce, in the years ahead," says resource specialist Larry Edelson. In Uncommon Wisdom, he looks to a trio of favorites in the sector.

Edelson explains, "Select investments in gold shares are just about the best thing you can do for your portfolio to ensure your financial health.

"Weakness in the dollar is definitely driving savvy investors into tangible assets - particularly gold. Even central banks are getting in on the act. In fact, Central Banks have bought up hefty amounts of the yellow metal to diversify away from the U.S. dollar.

We had a lot of big names trading up to new 52 week highs again today. The overall markets were pretty flat, with the DOW closing the day down 0.14%, the NASDAQ closing the day's trading up 0.04%, and the S&P ending the day a bit lower to finish today's trading down 0.28%.

Here are a few of the names that moved higher during the day to set new 52 week highs.

Imagine what happens to gold mining stocks if gold were to trade for less than $500 per ounce? It would not be pretty. These stocks are priced to perfection and beyond. That is why they should be sold.

Add Goldcorp Inc. (NYSE: GG) to the list of overvalued gold miners. At $40 per share, GG now trades within spitting distance of previous highs.

Those highs were attained at the end of an expansionary period, not at the beginning.

Gold at $1,000. Better buy now or you will miss the greatest invention since tulips in the 1800s.

Or so they say. I say, what a bunch of baloney. Why on earth would I want to put hard-earned cash on something that may look pretty but has no real tangible value?

That's right, gold has no tangible value. Well, that's not entirely true since there is a vast cult of worshipers out there that say gold is the only thing with value. As a result of their die-hard belief, gold actually does have value, as we now see with AU trading for $1,000 per ounce.

Goldcorp (NYSE: GG), a gold producer with 100% of its production unhedged, closed at $39.76. Gold is recently up .85% to $986.80 according to Bloomberg. GG September option implied volatility is at 51, October is at 50; below its 26-week average of 55, according to Track Data, suggesting decreasing price movement.

CBOE Volatility Index S&P 500 Options-VIX closed at 28.90. VIX September 27.5 straddle is priced at $4.25, September 25 straddle is priced at $7.10, November 27.5 straddle is priced at $7.50; according to Track Data.

Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com.

"Gold has yet to take off in true bull market fashion, but its chart suggests that it's coming," says Mary Anne and Pamela Aden.

In their top-notch The Aden Forecast, the resource experts discuss the outlook for gold as well as some of their favorite mining stocks for investors to consider.

"Considering that the Summer months tend to be slow months, we could still see some short-term weakness.

"More important, however, is the bigger picture as gold is poised to rise during the second half of the year." Here, they discuss their outlook and some favorite ming stocks.

Goldcorp Inc. (NYSE: GG) shares turned lower this morning after the company announced a $750 million offering of convertible senior notes due 2014. The commodity issue said that proceeds from the offering will be used to repay outstanding debt under its revolving term credit facility, with any remaining funds to be applied toward general corporate purposes.

Despite today's drop, GG shares have blazed an impressive path higher during the past month. Since finding a floor near the $27 level in late April, the stock has added 48.7%.

If there was any doubt whether the rally at the end of 2008 and the beginning of 2009 was anything but a bear market rally, this week put these doubts to rest. The Dow Jones Industrial Average is already down 8.3% year-to-date; it sank 6.2% this week alone (notwithstanding Friday).

This week the financial crisis once again took center stage as Bank of America (NYSE: BAC) and Citigroup (NYSE: C) received a second round of bailout money and more guarantees. BAC is finding hard to digest its two acquisitions, while Citi is splitting itself and is no longer a financial supermarket.

But this wasn't all that happened this week. The fourth-quarter earnings season kicked off Monday; Alcoa (NYSE: AA) reported dismal numbers, all the rest followed suit. Even if there were a few surprises to the upside that exceeded expectations, the expectations themselves were already quite low.

Bank of America (NYSE: BAC) is getting $20 billion from the government to help it with its purchase of Merrill Lynch. Also, the government will protect an asset pool worth $118 billion. This morning, Bank of America also reported quarterly results, posting a net loss of $1.8 billion for the fourth quarter. For all of 2008, the bank managed to somehow post a profit of $4 billion, which is much less than its $15 billion net income from 2007. Bank of America blamed "escalating credit losses" as well as writedowns and trading losses in capital markets. The bank also reported that Merrill Lynch, which it acquired on Jan. 1 -- after the fourth quarter ended, lost more than $15 billion in the fourth quarter. BAC shares were nearly 5% higher in premarket trading after dropping over 18% Thursday.

Citigroup Inc. (NYSE: C) meanwhile will be guaranteed on $301 billion of assets. Citigroup also reported fourth-quarter results this morning, posting a net loss of about $8.3 billion, or $1.72 per share. Not surprising, it also blamed write-downs and losses in securities and banking, as well as "higher credit losses." For the full year 2008, Citigroup reported a net loss of about $18.7 billion, or $3.88 per share. Finally, Citigroup announced it was splitting into two parts: Citigroup, to handle traditional banking, and Citi Holdings, to manage the riskier assets including brokerage and retail asset management, local consumer finance and a special asset pool. Citi shares were almost 5% higher in premarket trading after dropping over 15% Thursday.

Intel Corp. (NADSAQ: INTC) reported Thursday after the close a 90% drop in fourth-quarter earnings $234 million, or 4 cents per share, compared with $2.3 billion, or 38 cents per share, in the year-ago period. Sales slumped 23%, in line with Intel's previous guidance. Still, the results were inline with Wall Street's reduced expectations. This was enough to have the stock trade 3% higher in premarket action.