Lots of good coverage on market news shows tonight,as expected...

Lots of good coverage on market news shows tonight,as expected being the largest % gainer of the ASX 200.

SMH-"The spot price of gold, which dumped 28 per cent in 2013 in its biggest annual fall since 1981, started the new year trading higher at $US1222.63 an ounce. Australia's biggest goldminer, Newcrest Mining, jumped 8.3 per cent to $8.45, while Silver Lake Resources was the best-performing stock, climbing 18.7 per cent to 63.5¢. The junior goldminer was the biggest loser in the benchmark index in 2013, shedding 83.9 per cent."

Scott Phillips from Motley fool top pick of the gold stocks IF there is a recovery in Gold price, even though there APPEARS no reason to be.

Highly leveraged to the gold price given no hedging, imo, and because especially close to break even at these levels, small increases will mean larger % gain in profits. His quote on all in costs was $1280 AUD? plus having manageable debt.

Lots of people will be watching the Gold price currently and judging by the sentiment on this forum this stock is yet to run, imo

Fingers crossed, which is all you can do when you go contrarian, but if you got in early enough you may give YOURSELF some hedging.

Good luck all.