re: Gold stocks- a theory I don't believe Aussie gold stocks are getting close to over valued. Like ACTurtle I see that if gold gets going (like I expect it too), that it will have plenty of room to run.
I am looking to increase my holding of gold stocks over the next few days and am a little confused as to which is the best stock to buy. I have been closely watching CRS and RSG, however I am concerned that our dollar could rise with any gold price spike thereby limiting much of the upside. Wouldn't an unhedged US gold stock like Newmont be a better purchase as it would not be negatively affected by currency gains (rather you would expect the US dollar to drop - creating even better returns)?
This is only my theory and would appreciate other people's thoughts.
