Gold is soaring to new all time highs today as the SPDR Gold Trust (
ETF) (NYSE:
GLD) is higher by over 1% again. The previous 52 week high on the GLD was $122.45. Today, the high so far is $123.33. Spot gold is at $1,259.90, +$12.40. This run in gold is most likely not even close to over as the printing of money by every major power in the world continues. As paper money becomes worth less and less due to dilution, gold in response will go higher.
As stocks like Newmont Mining Corporation (NYSE:
NEM) hit new 52 week highs on golds surge, there are some small cap gold stocks that are sitting at their lows. To me, these have a great value and just have not been picked up by the hedge funds and money managers. Fundamentally, the higher gold goes, these gold plays should advance as well in response. I picked up a little Vista Gold Corp. (AMEX:
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