Gold as a hedge

Tomorrow, gold stocks will fall. Why? Dow Futures are up so a lot of short-term investors will sell gold to buy equities. These people live day to day. The root problems in USA, Europe and Japan have not gone. Australia is shielded by China and India; it is digging up its inheritance to sell to them. No Australian government has foresight looking beyond 3 years.

I am gloating about BDR today because it is rare that stocks that I buy jump the next day. But I have many good reasons to top up BDR. And I had simple arithmetic calculated to tell me why I should buy KMC; a gold producer, mostly ignored even when highlighted by my favorite tipster, RB. Mamma Mia!