Some of the "experts" will be right ... it will tank or it will be thousands an ounce. If you're relying on TA to tell you the gold story, then good luck. It's not that sort of animal. Blacks, DYOR and then make up your mind. I think ctindale may be right and that gold stocks may go lower offering great buying opportunities ... hunt around the forums and web sites of suggested companies, make a list of questions and call 'em up. $100k is a not insignificant chunk of change. Some general advice (not stock specific):
1. WATCH companies that have short term debt that can't be funded from cash reserves. Liquidity had DRIED up in the marketplace and many short term debts are NOT being rolled over (ie: called in). Look at Centro, MFS, Allco, ABC Learning as proof.
2. Look at companies that have INFRASTRUCTURE in place ... you can have all the gold in the world but if you don't have reliable electricity and processing facilities, then you are pushing it from day one.
3. Steer away from companies with large HEDGE books.
4. Look at companies that are producing or near to producing.
5. Look at companies with large Reserves ... understand the difference between Reserves/Resources and Potential Ounces.
6. Look at companies that have a low cash cost per ounce.
7. Make sure experienced and diligient management is on board ... avoid the part time managers.
Finally, I would highly recommend that you subscribe to www.goldnerds.com.au ... they are NOT a Stock advisory crowd and have a spreadsheet and material that will knock your socks off. An absolutely invaluable tool for understanding gold comanies in Oz.
