Goldcorp says the transition is part of a planned succession. Another reason might be that net cash provided by operating activities at continuing operations came in at US$158 million, which was much lower than the US$234 million reported in the same period last year. Gold market Gold is up in recent weeks, supported by reduced expectations for U.S. rate hikes and increased safe-haven demand due to rising geopolitical concerns. The precious metal has traded within a range of about US$1,200-1,300 per ounce for most of this year, and that trend is likely to continue unless we see a major financial or geopolitical shock. Should you buy Goldcorp? Goldcorp appears to be making progress on its turnaround plan, and more improvements should be on the way. If you are a long-term bull on gold and have a contrarian investing style, it might be worthwhile to start nibbling on Goldcorp while the name remains out of favour. At this point, the stock could be getting a bit oversold.