Natural gas is an environmentally preferred energy source. Virtually all expansion plans from electric utilities are based on gas. I have not featured pipeline stocks in my portfolio, because of the timing of these pipelines. First the rough facts. For a decade, more gold has been consumed than has come from the ground.
Gold demand continues to grow with world economies and is near record levels currently.
You are right that at this price companies can't make money on a sustainable basis unless they have a wonderful, low cost ore body. Be cautious of all high cost producers with short reserve lives. They may run out of gold before the price moves. Successful exploration companies are still seeing strong share price advances. We believe the elements of a sustained uptrend are falling into place.