RE: RE: RE: ready? And again I ask, would you coin this one as a good play on gold?
As for the "shoe-in" we'll see. I think the American economy is tugging along enough to not need another dose of steroids. I understand there are other global factors that move the commodity, however this past year it has been trading mostly flat because investors have seemed to have been programmed in believing gold can only go up when the Fed gives them some freebies. Of course, gold has been going up in both Bull and Bear markets for over a decade, so this past handful of years relying on QE is a short term focus in the grand scheme of things. Once we shake out the investors who rely on QE for their commoditiy to increase, gold will finally return north on things like you have mentioned. But it will remain range-bound while people are programmed to believe it can only soar with QE and not on supply/demand.
Either way, I have 1 gold junior and 1 gold major. That's all I need. Can't put all my eggs into one basket. Retail investors these days are not buying gold, they are buying paper gold. India's wedding season alone cannot save a commodity as people are buying grams of gold, not kilos and ounces. Granted its millions of people, but still. I married a Chinese girl this year and her family bought her some gold jewelery sure, but it wasn't ounces of the stuff, it was a handful of grams.
Demand has to come from somewhere. Tomorrrow QE3 will get a "no" which should be expected but for some reason some folks are dizzy. That'll bring it right back down to $1600 level. Long term things will change but plenty of time to assess how you want to play this thing.
Good luck. PS - technically CAN isn't a gold play as it has no gold. It has nothing.