Sir Realist...
GG is indeed the safest and best bet of the North Americans. The knock on them was that their reserves were not all that big, but exploration this year in the Red Lake region has found large amounts of additional high grade ore. They are the lowest cost producer and have been doing reverse hedging this year, holding gold off of the market and they have zero debt with plenty of cash. Money flow shows very steady accumulation of the stock, which I always like to see.
GLG was my second choice based on overall reserves and strong, conservative management. It is one of the few golds that has been sitting right on its highs the past few weeks and money flow has shown steady accumulation.
I am not knowledgeable about gold stocks or gold mining and had to rely on the expertise of some friends to supplement what research I was able to do. Basically, I eliminated Barrick because it is the favorite of all the sell side analysts and because it is hedged, and also eliminated NEM because it is the favorite of all the institutions, which means it is probably overowned. HL's checkered past has kept me out of that one, and I have a smattering of juniors and exploration stocks, but no large positions in any of them except KGC, which is on its way to becoming a small major.
Gold is an area which I did as much research as I could, then just took my chances. Fortunately, I was early enough that I have plenty of cushion should I be making a poor decision by hanging on.
mlsoft
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