An international gold company that currently operates gold mines in Turkey and Brazil. The Company has a background in acquiring, discovering and developing quality gold assets.
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With the economy moving like pond water, and with a public debt juggernaut that Congress has shown no serious interest in stopping, it's hard not to be bullish on gold.Eldorado is the lowest-cost producer in the market, so EGO seems like a no-brainer buy right now, at least as a hedge.However, always keep in mind the risk of weakening demand from China. China is the 800 lb. gorilla of the gold market, so the thesis behind buying EGO or any other asset that trades with the price of gold falls apart if anything happens across the Pacific.