AngloGold Ashanti Limited (ADR) (NYSE:AU)

SCHWAB SCREEN 52 low metal Precious

Incredibly cheap, although I would recommend the mandatory convertibles (AU-A) and their 7.9% yield as a better way to play the stock in the short term. They will convert on 9/15/2012 to 1.14943 shares and pay a $3 coupon.

Euro bailout, China easing, USA with two rounds of QE, all mean gold should remain expensive and keep going higher. However, the gold price has been stable YTD but many gold producers are down 15-20% plus over that same time. Buying for two reasons: Future gold price increase expected. The stock is oversold and has met my technical criteria.

Gold headed much higher.

This was recommended at $38 by Bret Jensen. At $32.51 at this time; I think gold has to be near a bottom.

http://seekingalpha.com/article/433531-why-i-added-to-my-position-in-this-undervalued-gold-stock?source=email_authors_alerts&ifp=0

Five stats.

Gold, gold, gold peoples in India and China need gold

gold forever

When the market moves against good companies its best to close the position and restart it after the irrational selling has stopped.

bridgeboy0

n

Great price on a gold mining stock!

Upcoming panic/next banking crisis favors gold and those who have it safely "stored" underground in mines.

down with gold bugs

Diversified gold mining plus weakening dollar and controlled energy costs = long term profits.

Just adding some gold to my picks. Don't rely on me to make these kinda calls (there is plenty of gold bugs on this board already...)

gold miners should do well on lower production costs (general commodity and wage deflation) in short term, while gold itself will hold value due to fears of longer-term potential for inflation

someone's been reading Peter Schiff and Christopher Barker (TMFSinchiruna)

One of the lowest cost producers of Gold in the industry is a good hedge in case you believe that all the quantitative easing will lead to significant inflation down the road.