An Encore Miner Pick: Goldcorp Inc. (NYSE:GG)

When markets melt down, investors tend to abandon speculative stocks and head for safer destinations.  High-quality bonds or cash are often good options. Precious metals can also grow while the stock market shrinks. Some investors are nostalgic for earlier times when tangible assets looked safe as paper stocks fell. One precious metal seems very compelling right now: Gold. For one, investors are fleeing the Euro and looking at other currencies. The Greece bailout has elevated sovereign risk on the European continent and elsewhere.  The U.S. dollar is benefiting from the Euro’s woes, but so is gold. Gold bugs are also sensing problems with the stock market. As a result, the U.S. Mint had the largest demand for gold coins in 11 years in May. This week gold rose to all-time…