First off, if you don't believe in gold (GLD) than there really is no point in reading further. When making a pitch for gold mining stocks such as Allied Nevada, a huge part of my analysis is based on my belief that gold prices will recover and head higher over the coming years.
At the very least, I'm expecting gold to get back to 2011 levels of $1,900 an ounce, based on increased demand from central bank buying (see: China and Russia), a decrease in supply, mainly due to the shut down of high-cost mines, and the strong possibility for inflation which could bring back investors who have dumped the yellow metal in the past year or so....
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