Over the past several months I have made the case that, irrespective of what gold does, the money will be made in gold stocks.
So far YTD that has been a good call (not counting the returns towards the end of 2013). As the comparative chart below shows, YTD Goldcorp (GG) has returned 27%, Barrick (ABX) 18.5%, Silver Wheaton (SLW) 27%, Yamana (AUY) 21% and Newmont (NEM) a disappointing 5%. Gold itself returned about 9.5%, which is not bad. And my favorite play, the Direxion Daily Gold Miners Bull 3X Shares (NUGT) has returned about 84%.
http://seekingalpha.com/article/2036643-why-gold-stocks-will-outshine-gold?source=email_portfolio&ifp=0