bought into the stock, feel it is a low priced producer, long mine life and even if the gold price drops - the company will still make a good profit, can see dividend increasing and stock price, easily the best gold stock atm
two responses: (1) gold is going down because it is a proxy for the dollar (Michael Sherman, LEH strategist.) When the printing of money here is deemed more important than problems with other currencies, gold will go up. (2) The major-majors are either worried about the price of gold, or they are asleep. AUY is a screaming takeover.
This is not a very active board, and not to be rude, but you didn't say much. At least three people agreed enough to thumbs up? But yes I am with you, I think gld is coming back as a financial asset after solidly losing that status... I am afraid of 4%+ inflation... I think it is a more meaningful hedge for the current environment than long bonds.... AUY has demonstrated solid management and growth... what more can I say?