Gold hit a new high today as the US dollar continues its slide. As some folks finally become aware of the sector and are starting to buy gold and gold stocks, I am staying on the sidelines watching. I'm not a buyer of gold or silver stocks at the moment as I established my positions months ago when gold and silver were at much lower prices. I'm just enjoying the price appreciation.
My current precious metals holdings include Aurcana, Great Basin Gold, and Goldrea. Great Basin Gold is one stock that seems undervalued especially since they have financing set for their South African Burnstone project. If you are looking for a stock that hasn't made a major run with record gold prices, Great Basin is it.
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October 13, 2009
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