No matter what the FOMC said today gold was going down and taking the mining equities with it. So predictable. Bernanke just said they are going to continue to print $85 billion per month and they don't anticipate raising interest rates until 2015 yet gold goes down. Go figure.
Personally down 30 percent on ANV. I'd recommend people to invest very little in ANV until gold really starts to recover.
If I were to do it all over again, I still might have a small foot in gold, but i think the smaller companies (BALM, PGLC, Bullfrog, VERIS) have more immediate potential upside. They also are about the only ones that might genuinely be acquired by a bigger gold miner.
That said, what do I know? Expected AUNFF to plummet to 1.50 within a week (as they've been screwed over more by their mgmt with recent financial deals), and that stock had a nice day today.